Achieve financial inclusion targets, finance ministry tells PSBs

The progress in digitisation of the process for getting the KCC was also discussed to improve the transparency

The finance ministry on Thursday exhorted public sector banks (PSBs) to achieve their financial inclusion targets allotted to them for 2022-23.

In a full day review meeting of heads of Public Sector Banks (PSBs) and financial institutions chaired by Department of Financial Services (DFS) secretary Vivek Joshi, discussions also took place regarding the amendments proposed in Insolvency and Bankruptcy Code (IBC) with regard to reducing the delays in the processes relating to admission, resolution, National Company Law Tribunal’s (NCLT) approval and liquidation. Officials from the Ministry of Corporate Affairs and Insolvency and Bankruptcy Board of India (IBBI) also participated