Finance Minister P Chidambaram said that Government will
soon take a decision on infusing fresh capital into PSU banks
63,200 persons will be recruited by PSU banks in 2014
He also said that All Kisan Credit Cards will be converted
into ATM cards.
Addressing a press conference after meeting the heads of
public sector banks in New Delhi, Chidambaram said that as many as 63,200
persons will be recruited by PSU banks in the current fiscal year.
He said that rising NPAs reflecting economic slowdown,
situation not alarming.
Chidambaram earlier met the heads of public sector banks in
New Delhi to review financial performance and credit flow to productive sectors
in the light of subdued economic activity, among other issues.
The broad agenda of the meeting include review of first half
numbers, deteriorating asset quality, credit growth.
Non-performing assets of the banks have been on the rise for
past several months due to slowdown in economy.
The Gross NPAs of some public sector banks, including State
Bank of India, Punjab National Bank and Central Bank of India, have crossed 4
per cent of total assets at the end of September, 2012.
The meeting was also dwell upon steps to increase credit
flow to micro, small and medium enterprises (MSMEs), farm sector,
infrastructure and housing sector
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