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Finance Ministry meet with top PSB chiefs on September 19


The banks' purchases of pooled assets of NBFCs and housing finance companies up to Rs 1 lakh crore, as announced in the Budget, will also be monitored.

The move is part of the government’s drive to promote a “bottom-up” approach to herald banking reforms.

Amid the growing clamour for steps to boost the flagging consumer demand, the finance ministry has convened a meeting with chiefs of state-run banks, including SBI and Punjab National Bank, on September 19 to see if they have passed on the benefits of the repo rate cuts to customers.

Finance secretary Rajiv Kumar will review ...


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