Jaitley to meet heads of public sector banks on Tuesday
New Delhi, Sep 24 : Finance Minister Arun Jaitley will meet the heads of public sector banks (PSBs) on Tuesday to review their performance and to take stock of the sector reeling under non-performing assets (NPAs) and scams.
"Finance Minister Arun Jaitley will chair the Annual Review Meeting of the CEOs of PSBs scheduled to be held on Tuesday in New Delhi," the Finance Ministry said in a tweet.
The meeting comes in the backdrop of huge losses reported by many of the PSBs in the previous fiscal, various allegations of frauds and scams, identification of higher NPAs, credit related issues and government-induced consolidation.
Last week, the government proposed the merger of three state-run banks - Dena Bank, Vijaya Bank and the Bank of Baroda - into an amalgamated entity through Alternative Mechanism, set up to fast-track consolidation to create strong lenders.
"The meeting is likely to discuss the challenges facing the banks like NPAs and credit growth. Steps taken by banks to recover the bad loans will also be reviewed," said an official adding that the meeting with banks will happen at Vigyan Bhawan here.
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Sena (UBT)-MNS alliance announcement for civic polls likely next week
Mumbai (PTI): The Shiv Sena (UBT) and the Maharashtra Navnirman Sena (MNS) are likely to announce next week their alliance for the upcoming municipal corporation elections in Maharashtra, with seat-sharing for all the civic bodies, except Mumbai, almost complete, leaders of both the parties said.
Elections to 29 municipal corporations in Maharashtra, including the all-important Brihanmumbai Municipal Corporation (BMC), will be held on January 15, and the counting of votes will take place the next day.
The Shiv Sena (UBT) and the MNS will forge an alliance for the polls in municipal corporations of Mumbai, Thane, Mira-Bhayandar, Kalyan-Dombivli, Pimpri-Chinchwad, Pune and Nashik, among others.
The Sena (UBT) is headed by former chief minister Uddhav Thackeray, while his once-estranged cousin Raj is the president of the MNS.
"Talks for all civic bodies, except Mumbai, are complete. The sticking point is about the seats that we are demanding in Marathi-dominated areas. The Shiv Sena (UBT) is not still not agreeing to it which has delayed the seat-sharing. But the talks have to be over soon since the date of filing nominations starts next week (December 23 to December 30)," an MNS leader said.
Talking to reporters, MNS leader and former MLA Nitin Sardesai said, "It is appropriate to say that the talks are in final stages but it is difficult to say when it will be officially announced. I can only say that all sides are putting efforts to complete the talks and they are working towards it."
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Shiv Sena (UBT) leader Anil Parab met Raj Thackeray to discuss seat-sharing.
A Sena (UBT) leader said talks are in final stages and there is no hurdle in the seat-sharing agreement.
"The two brothers are expected to officially announce the alliance between the two parties on Monday in a public event or through a press conference that will set the tone for the civic body polls," he said.
Raj Thackeray quit the undivided Shiv Sena blaming Uddhav for his exit in 2005 and floated the MNS in 2006. They had been political rivals since then.
However, after the drubbing of their parties in the Maharashtra assembly polls in 2024 - the Sena (UBT) won 20 seats, while MNS drew a blank - both leaders decided to put behind their political acrimony and find a common ground for survival.
Over the past few months, the two cousins shared the stage or were spotted at public forums together multiple times for various reasons.
The cousins publicly ended their two-decade-long estrangement in July, where they addressed a joint rally. At the event, Uddhav said they have come together to stay together.
