Finance secretary DK Mitttal to review Q1 show of state-run banks
7 AUG, 2012, 04.30AM IST, ET BUREAU
Finance secretary DK Mitttal will conduct a video conference with the chief of public sector lenders on Tuesday to review the performance of these banks in the first quarter. This is the first video conference where chiefs from four key centres will attend to explain the reason for the modest growth and their strategy forward.
Bankers said, besides performance, Mittal may also ask banks about the progress on various areas such as financial inclusion, agricultural loans and customer services. He may also ask for a report card on the progress made by banks on the recent policy initiatives taken by the finance ministry on matters such as limiting bulk deposits and doing away with unsecured loans.
However, bankers are more eager to hear his view on interest rates. Will he again nudge banks to lower rates after the RBI recently cut the SLR ratio?
http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/finance-secretary-dk-mitttal-to-review-q1-show-of-state-run-banks/articleshow/15382692.cms
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