Finance Minister Nirmala Sitharaman on Saturday will hold a meeting with heads of public sector banks to discuss various issues including the recently announced Government measures to prop up the economy, sources said.
The Finance Minister’s meeting with chief executives and managing directors of banks ahead of the Union Budget assumes significance in view of the critical role the banking sector plays in boosting consumer demand across sectors. Sitharaman is expected to present her second Budget on February 1, 2020.
According to sources, she will also review Budget announcement on absorption of Merchant Discount Rate charges by banks, overdraft facility to PM Jan Dhan Yojana account holders through RuPay debit Card.