FM to meet PSU bank chiefs to assess their financial performance: Media Report

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FM to meet PSU bank chiefs to assess their financial performance: Media Report
Finance Minister P Chidambaram will meet chief executive officers (CEOs) of public sector banks and financial institutions today to take stock of their financial performance, reported PTI.

The meeting comes at the backdrop of ongoing enquiry in United Bank of India for under-reporting of non-performing assets and quiting of bank's Chairperson. The Gross NPA of the bank stood at 10.82 per cent at the end of December 2013.

The broad agenda of the meeting includes ways to cut deteriorating asset quality. Credit growth in targeted sectors is also part of the agenda, a senior official in the Finance Ministry said.

The financial performance of public sector banks would also be reviewed as all of them have declared their third quarter results, the official said according to the media report.This would be the last meeting with bank heads under the present government.

Dion Global Solutions Ltd.

Story first published: Wednesday, March 5, 2014, 9:10 [IST]
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