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Finance Minister Shri Arun Jaitley Reviews the Financial Performance of Public Sector Banks (PSBS); asks the CEOs of PSBs to clean-up their Balance Sheet at the Earliest

Dated:- 24-11-2015 - The Union Finance Minister Shri Arun Jaitley said that the Public Sector Banks (PSBs) have made great contribution in rebuilding the economy of the country. However, the Finance Minister asked the bankers to get rid of their past scars of Non Performing Assets (NPAs) and clean-up their balance sheet at the earliest .The Finance Minister Shri Jaitley also assured them full support of his Government in this regard. He said that the Government will take necessary policy correct .....

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rs of the Ministry of Finance. Earlier Shri Anup Pujari, Secretary, Ministry of Micro, Small and Medium Enterprises (MSME) discussed issues related to MSME sector including financing by banks. Secretary, Ministry of New and Renewable Energy (MNRE) briefed the meeting about the commitment of Banks to fund Renewable Energy Projects in the next five years and praised the efforts made by banks. SBI was awarded for outstanding achievement. Ms Nandita Chatterjee, Secretary, Ministry of Housing and Urb .....

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f the programme for Revival, Reform & Restructuring (RRR) package for the handloom sector and institutional credit to sericulture. Secretary, Ministry of Rural Development Shri Mahapatra discussed the SHG Credit Linkage Plan under different schemes of the department. In addition to the above agenda, and a detailed discussion on various subjects, the following key issues were discussed: Financial Performance PSBs discussed various steps being taken to improve credit growth. The issue of passi .....

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ken to assist Banks in reducing NPAs were also discussed. Agricultural credit The meeting took stock of the sectoral profile of the total domestic credit flow of ₹ 48.25 lakh crore upto September, 2015 and noted that 58% of the agricultural credit target for the year had been achieved. Finance Minister Shri Jaitley urged the banks to achieve the target of 20% growth in disbursement and 15% growth in number of accounts and also attempt to even out regional disparity in such loans. The banks .....

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