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Banks will be assisted with financial aid after the PM meets

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Looking at the present condition of the economy and drop of realty brand has made Prime Minister Mr. Manmohan Singh to have a close talk with the leading PSU of the country. According to a source of www.propertykhazana.com, a closed door meeting was held some times back with all those heads of the industry and assured them with financial and other monitory assistance to cope up with the present harsh situation of the economy. At the same time he also asked the bankers for not making any connections which may further effect the priority segment lending.
The meeting was attended by all the heads of the State Bank of India, Punjab National Bank (PNB), Union Bank of India (UBI), Bank of India (BoI) along with the top order ministry of the finance to accompany the prime minister’s struggle to put an end to the economic chaos as per the sources of www.propertykhazana.com.
After the completion of the meeting a senior executive of a national bank stated that, “Now the banks will not have to fear like earlier from the industrial commitments as the situation has tended to a liberal zone.” He further reveals that the cash reserve ration which was at 9 percent has increased and situation will be much better for the coming days. Source of www.propertykhazna.com also reveals that Mr. Singh himself was eager to meet the country’s financial heads to break the line of financial insurgency in the country.
Source: NBTVLIVE

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