Finance Minster's Meeting With Public Sector Bank Chiefs Deferred
Economy
The Finance Minister Nirmala Sitharaman’s meeting with chief executives (CEOs) of State-owned banks slated for this afternoon has been deferred.
This meeting was to discuss the flow of credit from the banking system to the economy post the breakout of Covid-19. The reasons for the deferment of the meeting was not known, official sources said.
PTI says
According to sources, the meeting has been deferred and the new date will be informed shortly.
The meeting, to be held via video-conferencing, was to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the Covid-19 crisis.
The agenda also included taking stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments.
The Reserve Bank of India (RBI) had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown.
Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock of the economic situation and review implementation of various measures announced by the central bank.
Published on
May 11, 2020
The Finance Minister Nirmala Sitharaman’s meeting with chief executives (CEOs) of State-owned banks slated for this afternoon has been deferred.
This meeting was to discuss the flow of credit from the banking system to the economy post the breakout of Covid-19. The reasons for the deferment of the meeting was not known, official sources said.
PTI says
According to sources, the meeting has been deferred and the new date will be informed shortly.
The meeting, to be held via video-conferencing, was to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the Covid-19 crisis.
The agenda also included taking stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments.
The Reserve Bank of India (RBI) had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown.
Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock of the economic situation and review implementation of various measures announced by the central bank.
Published on
Military Community Shows Financial Resilience, Growing Savings By 19% And Cutting Credit Card Balances By 23% Over Last Five Years, New USAA Bank Data Shows
USAA’s Military Financial Wellbeing Index highlights the impact of pandemic-era trends and inflation on service member... Read more
USAA Announces Scholarship For Military Spouses With Valero Alamo Bowl
San Antonio-area military spouses qualify to apply for a $7,500 scholarship. Read more
USAA Ranked #1 In Customer Satisfaction And Most Trusted On 2024 J.D. Power Individual Annuity Study
Nov 01 2024 SAN ANTONIO – USAA, a leading provider of insurance, banking, and retirement... Read more
USAA Calls For National Moment Of Veteran Connection On Veterans Day
On Nov. 11, “Connect with a Veteran” calls for all Americans to “Go Beyond Thanks” to show appreciation for thei... Read more
Two Way Street: New Survey From USAA Shows Driving Apps Help Connect Parents And Young Drivers On Importance Of Safe Driving, Leading To Safer Roads
Data Reveals 87% of App-Using Parents Feel Their Child’s Driving Improved, Citing Increased Awareness and Feedback Read more
USAA Named UTSA Athletics Official Military Appreciation Partner
Exciting new initiatives planned as part of partnership Read more