India to review the performance of Public Sector Banks

NEW DELHI (INDIA): India’s Finance, Defence and Corporate Affairs Minister Arun Jaitley will chair the meeting of CMDs and CEOs of the Public Sector Banks (PSBs) in order to review their performance.nnThe Meeting will be held on 12th June, 2017 in the national Capital. This will be the First Meeting in the Current Financial Year 2017-18 which will be chaired by the Finance Minister.nnMajor issues on the Agenda of the Meeting include issues and solutions relating to Non Performing Assets (NPAs) of the Public Sector Banks (PSBs), status of MSE Credit, Stand-up India and Mudra Yojana among others.nnOther issues on Agenda include Discussion on Financial Inclusion and Literacy, review of performance of Social Security Schemes including Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) etc.nnBesides above, the one day Meeting will also discuss the issues of Cyber Security, Digitalization of the banking transactions, issues relating to Rural Development, Agriculture Credit and Education Loan etc. Role and preparedness of banks in the implementation of Goods and Services Tax (GST) is also likely to be discussed in the one day Meeting of PSBs. GST is going to be rolled-out from 1st July, 2017.