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Centre Steps up PSB Performance Monitoring as it Proceeds with Capital Infusion
January 24, 2018
As the government goes ahead with the mega capital infusion plan to revive the ailing public sector banks in the country, it’s also considering to adopt stricter performance monitoring methods for the ones that are to receive the funds.
A senior official from the finance ministry said that although Public Sector Banks (PSBs) were asked to work on their performance ahead of the capital infusion, “not all promises were kept by them”.
The government is planning to crack the whip on the banks failing to meet their commitments by taking actions like imposing penalties and cutting the flow of capital infusion.
