Covid 19 - Finance Minister Nirmala Sitharaman reviews readiness of state-run banks to tackle any Omicron-induced disruption
Finance Minister Nirmala Sitharaman has convened a meeting with the heads of public sector banks on Friday to review their preparations to deal with any potential disruptions caused by the Omicron variant, as per the PTI report.
)
06:11 PM IST
Finance Minister Nirmala Sitharaman has convened a meeting with the heads of public sector banks on Friday to review their preparations to deal with any potential disruptions caused by the Omicron variant, as per the PTI report.
According to PTI, the Finance Ministry said in a tweet that during the virtual meeting with CMDs/MDs, the minister reviewed different initiatives taken by PSBs in executing pandemic-related measures started by the government and RBI.
"During the review meeting, FM Smt. @nsitharaman assessed various steps taken by PSBs in implementing pandemic-related measures initiated by GoI and RBI and readiness to tackle possible future disruptions that may occur due to the ongoing variants of the #COVID19 pandemic," it tweeted.
Various local rating agencies have lowered India's growth prediction for the current fiscal year due to the ongoing third wave of the highly contagious Omicron variant of coronavirus.
India Ratings and Research have lowered its expectation to 9.3% from 9.4% before, while Brickwork Ratings has lowered its estimates to 8.5-9% from 10%, as per PTI mentioned.
On Friday, India recorded 1,17,100 new COVID-19 infections in a single day, with 302 deaths. So far, 3,007 cases of Omicron variety of coronavirus have been discovered in 27 states and UTs.
(With the inputs of PTI)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
1.5 lakh jobs, $10-15 billion revenue a year? Where GCCs stand in India's $5 trillion ambition and beyond
FM Nirmala Sitharaman chairs meeting with PSU bank chiefs, reviews sectoral performance
Finance Minister Nirmala Sitharaman to hold meeting with public sector banks on July 27 
India now has 1.76 lakh registered startups, 118 unicorns: FM Sitharaman
Work environment makes big difference to quality of work: Nirmala Sitharaman inaugurates new DRI HQ building 
