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        News and Press Release

        Finance Minister To Review Key Financial Sector Issues with Ceos of Public Sector Banks and Financial Instiutions During The Quarterly Review Meeting Next Month

        February 17, 2015

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        The Unio Finance Minister Shri Arun Jaitley will review various key financial sector issues like Credit off take in the economy, achievement under Priority Sector Lending (PSL) and progress made under Pradhan Mantri Jan Dhan Yojana (PMJDY) etc. with the Chief Executive Officers (CEOs) of Public Sector Banks (PSBs)/Financial Institutions (FIs) here on 5th March, 2015 during the Quarterly Review Meeting.

        The periodic review meeting will also focus on taking forward the intention of the Department of Financial Services(DFS) to improve the performance of the Public Sector Banks (PSBs) and Financial Institutions(FIs) through steps like the recent additional infusion of ₹ 6,990 crore in Public Sector Banks (PSBs) on the basis of performance measured by return on assets/equity.
         

        Financial sector review to address bank performance and advance reforms through performance-linked capital infusion. The Finance Minister will review credit off-take, Priority Sector Lending achievement and Pradhan Mantri Jan Dhan Yojana progress with CEOs of Public Sector Banks and financial institutions, and will pursue performance-improvement measures for PSBs/FIs, including continued capital infusion calibrated by performance metrics such as returns on assets and equity.
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                                Financial sector review to address bank performance and advance reforms through performance-linked capital infusion.

                                The Finance Minister will review credit off-take, Priority Sector Lending achievement and Pradhan Mantri Jan Dhan Yojana progress with CEOs of Public Sector Banks and financial institutions, and will pursue performance-improvement measures for PSBs/FIs, including continued capital infusion calibrated by performance metrics such as returns on assets and equity.





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                                ActsIncome Tax
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