Union Finance Minister Nirmala Sitharaman is chairing the meeting to review the performance of public sector banks on various parameters in New Delhi. Secretary, Department of Financial Services Dr. Vivek Joshi, Managing Directors and Chief Executive Officer of Public Sector Banks, and other senior officials are attending the meeting.

During the meeting, Ms. Sitharaman, along with other participants, will review deposit growth, the credit-to-deposit ratio, and asset quality, which are vital indicators of the banks’ health.

The Finance Minister will also evaluate the performance of public sector banks under government initiatives such as PM Awas Yojana, PM Surya Ghar, and PM Vishwakarma schemes. This is Ms. Sitharaman’s first review meeting of such banks after assuming charge as Finance and Corporate Affairs Minister in the Modi 3.0 government. In the evening, Finance Minister Sitharaman will also review the performance of regional rural banks.