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12 Public Sector Banks to Undergo Performance Review by FinMin
January 31, 2018
According to official sources, the finance ministry is soon going to conduct a performance review of the heads of 12 Public Sector Banks (PSBs) that are currently under the Prompt Corrective Action (PCA).
The sources said that the government has already committed enough funds for the financially weak banks, and so now it’s up to them to prove their mettle with regard to the handling of bad loans. If their performance is adequate, they shall be rewarded.
