Finance minister Nirmala Sitharaman is to meet PSU bank chiefs on Friday, to review the credit flow.
The finance minister will hold a review meeting with CEOs of public sector banks( PSBs) on Friday to discuss various issues including credit offtake.
The meeting was earlier scheduled on 11 May, but due to the stimulus package announcements It was deferred.
The meeting to be held via video-conferencing will also take stocks of interest rate transmission to borrowers by banks and progress on loan repayment.
Besides, CEOs of public sector financial institutions will also be present at the meeting. The meeting mainly focuses light over Rs 20 lakh crore economic package announced for the economy reeling under the COVID-19 crisis.
Last 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 of various measures announced by the central bank.
Besides, Progress under the targeted long-term repo operations (TLRO) for the NBFC sector and microfinance institutions (MFIs), and sometimes under the COVID-19 emergency credit will also be reviewed.
