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Finance ministry in talks with public sector banks to get a fix on growth plans and funding
April 26, 2017
- The finance ministry has initiated detailed discussions with selected public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.
- The Department of Financial Services will be meeting representatives of 10 state-owned banks that received funds in March this year.
- “The ministry officials have sought business plans for the next three years and also wanted detailed turnaround plans. Banks will also have to submit stressed asset resolution plans,” a senior public sector banker told PTI.
- The officials will also be assessing capital needs of each bank for the next three years, a source added.
