KNOWLEDGE SIR

Ahead Budget 2019, FM Piyush Goyal to discuss NPA recovery with PSU Banks chiefs KNOWLEDGE SIR Interim Finance Minister Piyush Goyal will meet the chiefs of PSU Banks on Monday. The finance minister will take stock of banking sector and will discuss ways to improve their financial health. Economists hold this meeting of great significance as it comes just three days ahead of the Budget 2019-20. According to Zee Media's sources, the meeting will review the credit flow to MSMEs, agriculture and retail sectors. FM Goyal will also discuss recovery of non-performing assets (NPAs) with the PSU banks bosses. Public sector banks ( PSBs ) have seen decline in bad loans by over Rs 23,000 crore from a peak of Rs 9.62 lakh crore in March 2018 due to various initiatives taken by the government. At the same time, PSBs have also made a record in recovery of Rs 60,726 crore in the first half of the current financial year, which is more than double the amount recovered in the cor...