63,200 persons will be recruited by PSU banks in This Year

Finance Minister P Chidambaram said that Government will soon take a decision on infusing fresh capital into PSU banks.

He also said that All Kisan Credit Cards will be converted into ATM cards.

Addressing a press conference after meeting the heads of public sector banks in New Delhi, Chidambaram said that as many as 63,200 persons will be recruited by PSU banks in the current fiscal year.
He said that rising NPAs reflecting economic slowdown, situation not alarming.
Chidambaram earlier met the heads of public sector banks in New Delhi to review financial performance and credit flow to productive sectors in the light of subdued economic activity, among other issues.
The broad agenda of the meeting include review of first half numbers, deteriorating asset quality, credit growth.
Non-performing assets of the banks have been on the rise for past several months due to slowdown in economy.
The Gross NPAs of some public sector banks, including State Bank of India, Punjab National Bank and Central Bank of India, have crossed 4 per cent of total assets at the end of September, 2012.
The meeting was also dwell upon steps to increase credit flow to micro, small and medium enterprises (MSMEs), farm sector, infrastructure and housing sector.

Source: DD NEWS