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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Himanta resigns as Assam CM, paving way for formation of new govt
Guwahati (PTI): Assam Chief Minister Himanta Biswa Sarma on Wednesday resigned along with his cabinet colleagues, paving the way for formation of a new government led by the BJP, officials said.
The BJP-led NDA bagged 102 seats in the 126-member assembly. The assembly elections were held in a single phase on April 9, and counting of votes took place on May 4.
"Following the formal notification of the results of #AssamElections2026 and to enable the formation of the new government, Dr @himantabiswa tendered his resignation as Chief Minister along with that of the council of Ministers to Hon'ble Governor Shri @Laxmanacharya54 today at Lok Bhawan," the Chief Minister's Office said in a post on X.
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The Governor has accepted the resignation, and requested Sarma to continue as the caretaker CM till the new government assumes office, it said.
Later, speaking to reporters outside the Lok Bhawan, Sarma said the oath-taking ceremony is likely to take place after May 11.
“As it was a historic win, we have invited Prime Minister Narendra Modi to grace the occasion," he said.
The new Assam chief minister will be selected at a meeting of the BJP legislature party in presence of central observers, Sarma said.
