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PSBs are struggling, but no reason to panic says Jaitely

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PSBs are struggling, but no reason to panic says Jaitely

New Delhi, Aug 14 (ANI): While addressing a press conference in New Delhi on Friday, Finance Minister, Arun Jaitely, declared the steps taken to address the issues of struggling Public Sector Banks, and assured that there is no cause for panic. Jaitely said sectors like steel, power, highways, discoms, sugar are responsible for the stress in the PSBs. He further announced a new policy for monitoring Public Sector Banks on the basis of key performance indicators. He specifically mentioned about the stress in the steel sector and explained external factors are responsible for the same.

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