Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-06-12

Pranab to review PSBs performance today

Against the backdrop of tough economic conditions, Finance Minister Pranab Mukherjee will review the annual performance of government-run banks and financial institutions today. The review would focus on credit to Micro, Small and Medium Enterprises (MSME

Against the backdrop of tough economic conditions, Finance Minister Pranab Mukherjee will review the annual performance of government-run banks and financial institutions today. The review would focus on credit to Micro, Small and Medium Enterprises (MSMEs), agriculture, housing and education loans, gross and net Non-Performing Assets (NPAs), an official release said on Monday.

Mukherjee would be meeting the chiefs of Public Sector Banks (PSBs) and financial institutions to review their performances. In addition, the meeting would review the progress of various initiatives of the Department of Financial Services and the Finance Ministry in the areas of improving productivity and efficiency in public sector banks.

The release said the meeting is being held at a time when the Indian economy is facing various challenges.

"Our financial sector is having immense potential in economic development of the country. However, there is a need to identify the opportunities and recognise the challenges to work towards a sustainable and inclusive growth," it said.

Ministers of State (Finance), RBI Deputy Governor and senior Finance Ministry officials are also expected to attend the meeting.

The Finance Minister is likely to appreciate the CEOs for enhancing the net profit of PSBs and for affecting unprecedented recovery against the outstanding dues.

"He is also likely to impress upon them to continue their endeavour of tackling the NPAs," the release noted.

The progress made in respect of banking facilities in North Eastern and hilly states with population from 1,000 to 2,000 would also be reviewed, it added.

Related opportunities
  • Fine Dine Restaurants
    About Us: Moti Mahal Delux Restaurants, your growth opportunity for worldwide..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2000
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Mobile & Communication/Internet Connections
    About Us: In 2009 Gerardo Taglianetti, founded Phonup amongst first companies  in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • After School Activities
    About Us: Kumon is the world’s leading after-school enrichment programme. Founded..
    Locations looking for expansion New Delhi
    Establishment year 1958
    Franchising Launch Date 2005
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Mens Wear
    About Us: Launched and Lofted in 2016, 7 spades strive to deliver..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts