Finance minister P Chidambaram is planning to hold meetings with the state chief ministers to assess the status of financial inclusion, penetration of banking and the lending pattern in each state, according to reports.
Reports stated that first meeting would be held next Friday with the chief ministers of the northern states, which include Uttar Pradesh, Uttaranchal, Haryana, Punjab and Jammu and Kashmir.
Chidambaram is expected to focus on several state-level issues while taking stock of the financial inclusion programme and penetration levels, report says.
There are reports that Chidambaram is set to meet the CEOs of government banks on Thursday to take stock of the situation and assess the growth in credit.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.