Finance Minister Nirmala Sitharaman scheduled a meet with the heads of public sector banks (PSBs) on August 25 to evaluate monetary efficiency of the lenders and progress made by them to help the financial system battered by COVID-19 pandemic.
Given the significance of the banking sector in producing demand and boosting consumption, sources mentioned the assembly with the MD and CEOs of PSBs is taken into account vital.
Recently, the finance minister said the government is ready to do everything required to revive and support economic growth hit by the COVID-19 pandemic.
“Growth will be given its importance. Growth will be pushed both by the Reserve Bank and by us…,” she had said.
Interestingly, this would be the first physical review meeting since the outbreak of the pandemic in March last year.
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