Finance Minister Arun Jaitley is booked to meet the heads of open divisions banks (PSBs) on Tuesday as a feature of the yearly money related execution audit work out.
A large group of issues incorporating progress made in settling NPAs are probably going to be examined, PTI detailed refering to unidentified sources. The gathering additionally holds importance since it comes days after merger of three open loan specialists to be specific Bank of Baroda, Vijaya Bank and Dena Bank.
The issues of credit development and terrible advance situation may likewise be taken up in the gathering, PTI sources said. The endeavors to recoup terrible advances have been ventured up by the legislature as of late, the sources included.
A money recuperation of Rs 36,551 crore has been made by the banks in the principal quarter of the current monetary which is 49 for every penny higher than a similar quarter of the last financial. The banks recuperated Rs 74,562 crore amid 2017-18.
As per the PTI sources, the gathering would likewise audit need segment loaning and advance made under different social segment plans, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana (PMJDY). In 2017-18, the total loss of open part banks crossed Rs 87,357 crore, with misrepresentation hit Punjab National Bank driving the diagram with a hit of about Rs 12,283 crore, trailed by IDBI Bank.
Just two banks in particular Indian Bank and Vijaya Bank revealed benefits in 2017-18 out of the 21 government-possessed banks.
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