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PM Narendra Modi to meet PSU bank chiefs today

India TV Business Desk 05 Nov 2014, 7:01:33 AM IST
India TV Business Desk

New Delhi: Prime Minister Narendra Modi will today meet chief executives of public sector banks (PSBs).

Modi will be taking stock of the banks' operational and financial performance an exercise usually undertaken by the Finance Minister. He will also review the status of nonperforming assets.

The meeting comes amid rising bad loans and reports of various irregularities in state owned banks.

Today's meeting assumes importance as it will be the first instance when Prime Minister himself will interact with the chief executives of PSBs.

The meeting will also be attended by Finance Minister Arun Jaitley.

The government recently scrapped the selection of six bank chiefs recommended by the erstwhile UPA regime after a high-level panel found irregularities in the process followed.