FM Sitharaman meets heads of PSBs, exhorts banks to improve deposit growth

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FM Sitharaman meets heads of PSBs, exhorts banks to improve deposit growth - Business Standard

Quick Summary:

Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and urged them to improve their deposit growth.

According to sources, the finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas Yojana, PM Surya Ghar and PM Vishwakarma Yojana.

The minister asked the banks' chief to focus on core banking business and increase the pace of deposit growth by introducing innovative products.