Finance minister P Chidambaram will start interacting from today with individual public sector banks beginning with a discussion with the board of the Central Bank of India.
Central Bank chairperson HA Daruwalla told PTI that the minister would be addressing the board of the bank.
“It is not a review meeting. The finance minister will be addressing the board today,” Daruwalla said.
Chidambaram will be interacting with the board of Bank of India through video conferencing on Thursday.
Speaking to FE about it, TS Narayanasami, chairman and managing director of the bank, said that the FM will only talk about the implementation of the debt waiver scheme as announced by the government recently. The public sector banks have been asked to launch the scheme by June 30.
When contacted, PNB chairman and managing director KC Chakrabarty said it would be general review meeting with the finance minister, wherein the top brass would apprise him of the performance of the bank. Chakrabarty also said that farm loan waiver scheme status would be taken up during the meeting.
The finance minister had announced during this year’s Budget the farm loan waiver scheme worth Rs 60,000 crore, which was later expanded by nearly 20% to Rs 71,600 crore.