FM to review performance of PSBs

 Against the backdrop of tough economic conditions, Finance Minister Pranab Mukherjee will review the annual performance of government-run banks and financial institutions on Tuesday.

Mukherjee would meet with chiefs of public sector banks and financial institutions to review their performances.

The review would focus on credit to agriculture and MSME (Micro, Small and Medium Enterprises), housing and education loans, gross and net Non Performing Assets (NPAs), an official release said on Monday.

In addition, the meeting would review the progress of various initiatives of the Department of Financial Services and the Finance Ministry in the areas of improving productivity and efficiency in public sector banks.