FM to meet CMs of northern states tomorrow

Nov 15 2012, 19:52 IST
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SummaryFinance Minister P Chidambaram will meet chief ministers of northern states and heads of public sector banks tomorrow to review the credit needs of the region and the progress of central schemes.

Finance Minister P Chidambaram will meet chief ministers of northern states and heads of public sector banks tomorrow to review the credit needs of the region and the progress of central schemes.

The meeting is expected to take up a range of issues, including loans related parameters, especially for agriculture, micro and small enterprises, housing, weaker sections and credit-deposit ratio, official sources said.

Among those who are expected to attend the meeting here include chief ministers of Delhi, Jammu & Kashmir, Punjab, Haryana, Uttarakhand and Uttar Pradesh, they added.

Besides, chairpersons of public sector banks and heads of Nabard, Sidbi, IIFCL and Exim Bank will also attend the meeting.

The Finance Minister today reviewed the financial performance of public sector banks for the first half of the current fiscal.

The high-profile meeting tomorrow with the chief ministers will be held against the backdrop of the half-yearly review of monetary policy by the Reserve Bank last month, wherein the central bank left key policy rates unchanged on concern of sticky inflation.

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