FM to meet PSB chiefs next week

.....In a statement earlier this week, Chidambaram had hinted at some monetary easing by RBI. He said prevailing interest rates were high and calibrated risks could be taken to stimulate investment and ease consumer burden. In the meeting, the minister would discuss issues pertaining to advances and deposits of banks, return on assets, profit per employee, and percentage of electronic transactions. The financial inclusion plans, performance of the Swavalamban scheme under the New Pension System, lending to minority communities and issues related to regional rural banks would also be discussed.

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