Business
Sitharaman to meet public sector banks chiefs on March 25
New Delhi, March 23
Amid the failure of banks in the US and the liquidity crisis being faced by Credit Suisse, Finance Minister Nirmala Sitharaman is expected to meet chiefs of public sector banks on March 25.
This would be the first meeting of the Finance Minister with banks' chiefs after the presentation of the budget, where, according to sources, the discussion is likely to be on the areas highlighted by the budget.
Sitharaman is also likely to review the credit flow to key sectors like agriculture, sources in the know of things said.
The meeting is also taking place amid growing concerns over monetary tightening globally and is being held just days after the US Federal Reserve on March 22 hiked interest rates by 25 basis points to tame high inflation despite the banking crisis.
The meeting will also review the targets achieved by state-owned banks set under various government schemes, like the emergency credit line guarantee scheme, Kisan credit card and Mudra Yojana among others.
The Finance Minister would also review non-performing assets, credit growth and asset quality among other issues, sources said.
9 minutes ago
Man sets himself on fire in New York outside Trump's criminal trial court
11 minutes ago
Indian student's death in US possibly linked to Blue Whale suicide game
13 hours ago
Cong Corporator slams CM Siddaramaiah, says gang behind daughter’s murder
14 hours ago
188 Guggenheim Fellowship Include Four Indian Americans
14 hours ago
1 in 10 Asian Americans Face Poverty, Defying Stereotypical Success Assumptions
14 hours ago
The United States will not send election monitors to India.
14 hours ago
At the GOPIO 2024 conference, the role of India's diaspora will be highlighted.
14 hours ago
Maulik Pancholy Barred by Pennsylvania School District
14 hours ago
IOC Team in Karnataka to boost Congress
14 hours ago
The New Jersey India Commission has appointed Rajpal Bath as its executive director.
15 hours ago
Indian insurance industry in FY24: Non-life grew by 12.8 pc, life at 2 pc
16 hours ago
Tamil Nadu records 40.05 pc voting till 1 pm
16 hours ago
Maha: 5 Vidarbha constituencies records 32.36 pc polling till 1 pm