GET Stock QuotesNews18 APP
News18 English
»
1-min read

Finance Ministry Likely to Hold Meeting with Bankers on November 11-12

The meeting assumes significance in the light of the recent government announcement of fund infusion in the public sector banks over a period of two years.

PTI

Updated:November 3, 2017, 10:37 PM IST
facebookTwittergoogleskypewhatsapp
Finance Ministry Likely to Hold Meeting with Bankers on November 11-12
File photo of Finance Minister Arun Jaitley.
Loading...
New Delhi: The finance ministry is likely to hold a meeting with top management of public sector banks on November 11 and 12 to discuss various issues, including bad loans and recapitalisation, sources said.

The meeting assumes significance in the light of the recent government announcement of fund infusion in the public sector banks over a period of two years.

Last month, the government had announced a Rs 2.11 lakh crore bank recapitalisation plan, of which Rs 76,000 crore will come through budgetary support and bank stake sales, and Rs 1.35 lakh crore as bonds.

The meeting, according to sources, would discuss on increased lending to Ministry of Micro, Small & Medium Enterprises (MSME), recovery on non-performing assets (NPAs), credit growth, capacity building among others.

While announcing the unprecedented Rs 2.11 lakh crore capital infusion roadmap for the public sector banks last week, Finance Minister Arun Jaitley had said, this will be accompanied by series of banking reforms over next few months.

Banks are facing mounting NPAs to the tune of Rs 8 lakh crore. The bank NPAs are skirting the double digit mark at present and expected to grow further.

NPAs of public sector banks have increased from Rs 2.75 lakh crore in March 2015 to Rs 7.33 lakh crore as on June 2017.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 713.15 9.08
Reliance 1,059.45 -3.80
ICICI Bank 326.75 3.58
HDFC Bank 1,999.15 1.60
Dewan Housing 187.85 -10.78
Company Price Change %Gain
Indiabulls Hsg 714.25 9.17
SBI 259.75 -0.42
Dewan Housing 189.60 -10.48
Axis Bank 561.75 -0.08
Reliance 1,061.00 -3.69
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 713.15 9.08
Eicher Motors 22,424.60 3.70
ICICI Bank 326.60 3.53
HCL Tech 980.00 2.24
NTPC 164.80 2.07
Company Price Change %Gain
ICICI Bank 326.95 3.83
NTPC 164.75 1.79
Bajaj Auto 2,553.50 1.73
HDFC Bank 1,992.30 1.35
Vedanta 212.70 0.73
Top Losers
Company Price Change %Gain
IndusInd Bank 1,444.85 -8.36
BPCL 271.10 -4.39
UltraTechCement 3,450.00 -4.42
Reliance 1,059.50 -3.80
Yes Bank 211.00 -3.17
Company Price Change %Gain
IndusInd Bank 1,443.80 -8.42
Reliance 1,061.30 -3.66
Yes Bank 210.75 -3.19
ONGC 155.75 -3.29
Kotak Mahindra 1,161.80 -3.15

Live TV

Loading...
Loading...