Minister of State for Finance Bhagwat K Karad has urged private sector banks to promote various financial inclusion programs such as Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and Pradhan Mantri Suraksha Bima Yojana. During a review meeting, he emphasized the importance of these programs in providing basic financial services to underserved populations and encouraged banks to take innovative measures and intensify their efforts.
Post the pandemic phase of Covid, PSBs have moved into a high-growth orbit, with record profits and improvement in asset quality, which perhaps has renewed investor interest in them. Many PSB stocks have emerged as star performers, beating their private sector counterparts.
Bhubaneswar: Minister of state for finance Bhagwat K Karad on Saturday chaired a regional level meeting to assess and review the progress and performa.
The minister of state for finance also asked the municipal bodies to work in a camp mode and mobilise fresh applications to achieve the targets in a time-bound manner.