Finance Minister P Chidambaram has called a meeting of heads of public sector banks on October 22 to take stock of their nonperforming assets, credit growth and financial performance. The broad agenda of the meeting include reviewing ways to cut down deteriorating asset quality. Credit growth in the targeted sectors is also a part of the agenda a senior finance ministry official said. Gross non- performing assets ( NPA) of public sector banks rose to Rs 1.76 lakh crore at the end of June quarter from Rs 1.55 lakh crore at March 31, 2013........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
1 comment:
The PSBs are having two husbands and one of them is trying to dominate to pre-empt what is the main role and function of the other.In otherwords RBi is not being allowed to play its designated role through frequent interference with the operational areas of the PSBs and the designated role of RBI under its statute for which it is accountable.Let us ponder if RBI has become superfluous and needs to be liquidated so as to handover every thing to Finance Ministry to manage and RBi can escape blame-game for all the ills of the economy.
Post a Comment