FM Sitharaman likely to review PSB, RRB performance; focus on deposits, asset quality: Report

Key government schemes, including the Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Surya Ghar, and Pradhan Mantri Vishwakarma

Finance Minister Nirmala Sitharaman is set to conduct a thorough review of the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs) on August 19, as per a CNBC-TV18 report. The review will assess critical financial indicators such as deposit growth, credit-deposit (CD) ratios, and asset quality.

The meeting is also expected to cover the potential rollout of the Viksit Bharat card to enhance digital payment systems. Additionally, an update on the accounts being transferred to the National Asset Reconstruction Company Limited (NARCL), commonly referred to as the 'bad bank,' will be provided.

Key government schemes, including the Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Surya Ghar, and Pradhan Mantri Vishwakarma, will be evaluated for their performance. Cybersecurity concerns related to digital transactions and banking operations are also expected to be addressed during the review.

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