Business
Taking Stock : Amidst Silicon Valley Bank Collapse ; Finance Minister Nirmala Sitharaman Reviews Performance Of Public Sector Banks
Finance Minister Nirmala Sitharaman reviewed the performance of public sector banks (PSBs) on various financial health parameters and their resilience in the wake of the current global financial scenario emanating from the failure of some international banks in the US and Europe.
She urged the banks to remain vigilant about the interest rate risks and regularly undertake stress tests.
During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the Silicon Valley Bank (SVB) and Signature Bank (SB), along with the issues leading to the crisis in Credit Suisse.
