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No cause of panic or alarm on banking sector situation: FM

New Delhi, Aug 14 (Agencies)
Published on 14 Aug. 2015 11:58 PM IST
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Finance Minister Arun Jaitley on Friday said that there is no cause for panic or alarm as far as banking sector situation is concerned while stressing that the last two-three years have been challenging for the PSU banks. Addressing a press meeting in the national capital on revamp of public sector banks, Jaitley said, “We will also be explaining today a new policy where each bank will be monitored on the basis of key performance indicator”. Jaitley further said that the recent initiatives taken by the government has helped fix some issues in PSU Banks.

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