New
Delhi: The Indian government has not yet taken a decision
on the extent of premium it will charge on the capital
proposed to be returned by the public sector banks, Minister
of State for Finance, Banking and Insurance Anand Rao
Adsul said.
Briefing
the press after his meeting with the chief executives
of public sector banks to review their performance of
the banks during the previous financial year, Adsul hinted
that the matter might be placed before the Union Cabinet.
"We have to see whether the matter needs to be taken
to the Cabinet."
The
minister said he is satisfied with the progress of the
public sector banks. "PSU banks' performance has
been really good. There is today no weak bank among the
pack. The last of the weak bank, Indian Bank, has also
turned the corner. The government wants to see all the
PSU banks achieve the priority sector target and the sub-target
for agriculture set for them by the Reserve Bank of India."
"Though
most of the banks have met the target of 40 per cent of
credit to priority sector with an 18 per cent sub-target
for agriculture there are some banks which are falling
short. We want all of them to meet the target," he
added.
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