Review

of

PSB Performance and Reforms

by

Finance Minister

25.9.2018
 Action Points- Asset Quality (By December 18)

Recognition done and resolution of NPAs under way

Equal focus on arresting fresh slippages-

Put in place Vigil on early Timely action

effective warning before
monitoring signals account turns
NPA

Close follow-up for

Full visibility on account ops Rising leverage ratio
regularisation

Non-receipt of projected cash Timely settlement / resolution

Ring-fencing of cash flows
flows plans

Stock audit independent of Time-bound closure of stock Timely invocation of personal

branches audit observations guarantee

In the last resort, sale of

Specialised monitoring agencies Rating downgrade & CIC score
overdue accounts

Regular review of CIC reports

Recurrent overdrawings
& credit ratings
 Action Points- (By December 18)

Non-core asset Foreign branch

18,665
Monetise non-core asset monetisation rationalisation 57
(in crore Rs.)
11,361

Complete rationalisation of foreign operations 3,271

2

FY'2016-17 FY'2017-18 FY'2018-19 FY'2017-18 FY'2018-19

Performance milestones for PCA banks PCA Banks’ Performance Milestones

Complete action on >Rs. 50 cr NPAs under

framework for timely detection, reporting &
investigation

Board-approved modernized branch plans

for digitally-enabled self- service
 Recovery

Step up recovery, with equal focus on non-IBC cases as well

Projected Cash Recovery
Complete transfer of cases to SAMV by Dec-2018 (>50 cr. (In crore Rs.)
~1,80,000
NPA) & monitoring of >50 cr. SMA1/2

Integrated case databases by Dec-18 for all NPAs, with MIS

74,562
Ensure complete documentation in DRT & SARFAESI
filings
FY'2017-18 FY'2018-19
Operationalize end-to-end OTS platform by Mar-19, &
improve OTS effectiveness
Improve e-auction websites with property details & visuals,
and target potential customers with better databases &
analytics
 Key Deliverables-FI
PMJDY Accounts with Rupay cards to be opened to cover all adults

Drive to ensure uncovered families under Jansuraksha schemes – PMJJBY and

PMSBY

Establishing additional banking service points

 72 branches in LWE affected districts.
 124 branches/fixed point BCs in other aspirational districts
 8808 uncovered villages to be covered
 5798 inactive BCs to be activated

NCMC Onboarding by All PSBs by 30.11.2018.

Setting up & activation of all 13,639 Aadhaar Enrollment Centers by 31.10.2018.

MUDRA
 Action Points on Recovery (By 31.12.2018)

Deterrent action: Invoke strict action u/s 19(17) of RDDBFI Act to expedite recoveries
by DRTs

Strengthen recovery vertical

Review all DRT cases (~ 1 lakh OAs) to declutter DRTs

Enhance recovery through SARFAESI/ other modes

Follow up with DMs; take possession of properties in ~ 10,000 cases

Create a database of all auctionable properties giving property status/title.

Publicise auctionable properties to potential customers through email/ sms/ tickers

1
 Financial Inclusion Index

Measure of access to and usage of a basket of basic

formal financial products and services that includes
savings, remittances, credit, insurance and pension
products.
Measurement Dimensions
Access to Financial services
EG - Banking penetration: Banking outlets, ATMs
Insurance penetration: field outlets, agents
Pension: EPFO and NPS delivery channels

Usage of Financial Services

EG- Banking: no of accounts/volumes in deposits, credits, cards
and payments services usage
Insurance : no. of beneficiary , sum assured
Pension: No. of beneficiaries

Quality
Financial Literacy Camps
Grievance redressed/received
Survey on quality of service and barriers to
financial inclusion (2nd phase)
 Features
• A single composite index helps in giving a snap shot of level of financial inclusion
which will guide macro policy perspective.

• The indicator can be used directly in development indicators as a composite

measure

• Enables to fulfil the G20 Financial Inclusion Indicators.

• Facilitates researchers to study the impact of financial inclusion

• First Index will be released in January 2019

• Base Year: 2011-12

• Periodicity: Annual