Public Sectors Banks

To review the financial performance of public sector banks (PSBs), Finance Minister Nirmala Sitharaman decided to meet in person with the MD and CEOs of PSBs on August 25 in Mumbai. Reportedly, banks may have to infuse more "loan growth in productive sectors" to soon revive the economy from the COVID-19 pandemic impact. Moreover, details on the recovery of NPA and bad loans will also be discussed.