ForumIAS LATEST
- FRC 2027: SFG Residential program | accepting application for Tranche-2 Click Here to know more →
- CSAT Classes for Prelims 2027 by Rishi Bhargav sir starts 16 Nov. at 5 PM Click Here to know more →
- Prelims Sprint classes 2027: Starts 2nd Nov. at 4:30 PM | First class open to all. Click Here to know more →
- The Finance Ministry has initiated a comprehensive consultative process with public sector banks(PSBs).
- The consultative process will start from branch level upwards to the State-level and then to the national level.
- The process aims to find out the reasons for the sharp rise in bad loans in the previous five years apart from outlining national priorities with which these banks have to align themselves.
- The consultation will cover eight thematic papers which includes (a)enabling bank credit towards a $5 trillion economy (b)increasing digital payments (c)corporate governance (d)credit to MSMEs and (e)farm loans among others.
- The consultative process will also be aimed at alignment of banking with national priorities such as (a)doubling farm income (b)Jal Shakti (c)housing for all (d)education loans (e)ease of living and (f)corporate social responsibility among others.
