The Union Finance Minister Shri Arun Jaitley would hold the Quarterly Review Meeting of the CEOs of the Public Sector Banks (PSBs) and Financial Institutions (FIs) for the year ending 31st March, 2015 tomorrow in the national capital. The Finance Minister Shri Jaitley would broadly review the Annual Financial Performance of the PSBs during the Financial Year 2014-15. He will also review the performance of banks with regard to their performance in overall credit growth with particular reference to Agriculture Credit, MSE Credit, Education Loans, Housing Loans and NPAs. The Finance Minister will also review the progress of three social security schemes viz. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) among others. He will also review the progress made with regard to Micro Units Development & Refinance Agency (MUDRA), expeditious disposal of public grievances and Credit Enhancement Guarantee Scheme for Scheduled Castes among others.

The meeting will be attended among others by Shri Jayant Sinha, Minister of State for Finance, Dr. Hasmukh Adhia, Secretary, Department of Financial Services, Ms. Snehlata Srivastava, Additional Secretary, Department of Financial Services, CEOs of Public Sector Banks and Financial Institutions (FIs) along with other senior officers of the Ministry of Finance.

Public sector bank performance review assesses credit growth, NPAs, and social security scheme implementation across banks. Review of annual financial performance of public sector banks and financial institutions focusing on credit growth in Agriculture, MSE, Education and Housing loans, assessment of Non-Performing Assets, and evaluation of implementation of key social security schemes, MUDRA progress, grievance disposal and the Credit Enhancement Guarantee Scheme for Scheduled Castes.