Finance Minister P. Chidambaram will meet chief executives of public sector banks (PSBs) here on October 22. Indications are that he would review the performance of these banks at this meeting.
Given the economic slowdown, Chidambaram is also expected to discuss the Government plan to infuse additional capital to help lower the borrowing cost for customers for purchase of two-wheelers and consumer durables.
The recent factory output data for August 2013 showed weakness in the capital goods and consumer durables segments. Output in both these categories contracted.
Budget 2013-14 had promised capital infusion of Rs 14,000 crore in various public sector banks. The Finance Ministry is yet to disburse this amount.