New Delhi: The government may refuse to accept the ongoing economic slowdown in the country, but the government knows the truth. Therefore, the government has been taking major economic steps from time to time which we have seen. However, these steps have not made any significant difference to the economy of the country so far. Finance Minister Nirmala Sitharaman has once again convened a meeting of state-run banks to examine the economic conditions. The meeting will discuss the recent steps taken by banks and the results of loan fair camps.

These two Indians included in the prestigious magazine 'Fortune's' Under 40 list

Also, earlier this month, the Reserve Bank of India (RBI) will review the banks to give the benefit of major interest rate cuts to customers. This is the second meeting of the Finance Minister with state-run banks in the last month. The meeting is expected to be attended by the heads and top officials of all public sector banks. Sources say that banks will also present their report card on the credit guarantee scheme in the meeting.

Global rating agency Moody's slashes India's growth estimate

Apart from this, banks can also give details of the steps taken to raise funds in the direction of raising the capital base before the Finance Minister. During the first phase in the meeting, the report of the loan fair organized by public sector banks in 226 districts will also be considered. During this fair, banks provided agriculture, auto, home, MSME, education and personal loans. However, in a meeting called for an annual review of the functioning of banks, it was decided by the public sector banks to identify 400 such districts. But later private sector banks also joined this campaign.

Anil Ambani reaches Badrinath with his family, people welcome him wholeheartedly