“Banks have also been directed to constitute cross-functional teams to expeditiously implement the reform agenda,” an official said on condition of anonymity.
government nominees bank boardThe official said that most of the senior officials of the finance ministry will review from time to time and suggest curriculum improvements, if needed.
public sector banks (PSBs) will be further motivated to forge partnerships and achieve synergistic results. As per the plan envisaged during the PSB Manthan held earlier this year, lenders will focus on operating co-lending partnerships, with focus on priority sectors such as home loans and other retail portfolios.
According to a report submitted by banks, co-lending disbursements increased 4.5 times to Rs 2,901 crore in the last quarter of 2021-22 from Rs 643 crore a year ago. “It is led by medium-sized public sector banks, which have taken a lead in creating and operating co-lending partnerships,” a bank executive said on condition of anonymity.
A common talent pool with senior level domain experts from all PSBs is also being worked out. whereas Indian Bank Will lead this initiative for Chennai-Bengaluru banks, Punjab National Bank Will head Delhi-Kolkata banks and Mumbai-Pune banks. state Bank of India And Bank Of Baroda will jointly lead the program.