{"id":86025,"date":"2019-06-18T15:29:13","date_gmt":"2019-06-18T09:59:13","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=5962"},"modified":"2019-06-18T15:29:13","modified_gmt":"2019-06-18T09:59:13","slug":"modi-likely-to-meet-bank-chiefs-to-discuss-roadmap-for-psbs","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/modi-likely-to-meet-bank-chiefs-to-discuss-roadmap-for-psbs\/","title":{"rendered":"Modi likely to meet bank chiefs to discuss roadmap for PSBs"},"content":{"rendered":"\n
  1. Prime Minister is likely to meet chief executives of Indian banks to chalk out a strategy for the banking sector for the next five years.<\/li>
  2. The meeting assumes significance as the country\u2019s GDP growth slowed to 5.8% in the January-March 2019 quarter dragging down the full-year growth to a 5-year low of 6.8%.<\/li>
  3. Further, the NBFC sector has also slowed down due to which credit flow to productive sectors of the economy has been impacted.<\/li>
  4. Recently,the finance ministry has also held discussions with banks on the ongoing crisis in non-banking financial sectors as NBFCs are facing liquidity crunch following the debt default by IL&FS.<\/li>
  5. IL&FS is an infrastructure finance company registered with the Reserve Bank of India as a \u2018Systemically Important Non-Deposit Accepting Core Investment Company\u2019.IL&FS has run out of money and therefore was unable to service its repayment obligations which led to a series of defaults on loans,debentures and commercial papers.<\/li>
  6. Further,the government had recently seen the merger of Dena Bank and Vijaya Bank with Bank of Baroda and also the merger of associate banks of State Bank of India.<\/li><\/ol>\n

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    Prime Minister is likely to meet chief executives of Indian banks to chalk out a strategy for the banking sector for the next five years. The meeting assumes significance as the country\u2019s GDP growth slowed to 5.8% in the January-March 2019 quarter dragging down the full-year growth to a 5-year low of 6.8%. Further, the… Continue reading Modi likely to meet bank chiefs to discuss roadmap for PSBs<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3170,666,928],"class_list":["post-86025","post","type-post","status-publish","format-standard","hentry","category-economy","tag-banks","tag-ilfs","tag-nbfc","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704651623},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86025"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86025\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}