Piyush Goyal, the interim Finance Minister yesterday met with the heads of public sector banks in order to discuss the steps regarding the promotion of lending to MSME and agriculture sectors.
Piyush Goyal, Union Finance Minister said, “Public-sector banks have had internal deliberations on various aspects of their functioning… They have been able to discuss and deliberate on various measures to support the MSME sector and the financing for the housing sector also.”
Goyal also added, “While the government assured full support to the public sector banks, we would like them to look at ways to improve delivery of services to our farmers. We would like them to be more proactive in encouraging retail businesses.”
Goyal, who recently took charge as an interim finance minister, made clear in his statement that deliberation from the meeting held is going to create a far more vibrant, proactive, profitable banking sector in the days to come.
The finance minister also pressed on his belief that the government wants the PSB to improve the delivery of services provided to farmers as well as wants them to be proactive in encouraging retail businesses.
Read EquityPandit’s Technical Analysis of Nifty PSU Bank