Finance Minister Nirmala Sitharaman will meet the heads of public sector banks later on Monday. This is done to review the performance of lenders and the progress of various government programmes to improve the country’s economic situation.

An official said that the chairman of the State Bank of India, managing directors and chief executives of other public sector banks would attend the meeting.

Banks may need to approve loans to the productive sector to accelerate the economic recovery from the fallout of the Ukraine-Russia conflict.

The finance minister will also likely focus on credit growth, reviewing banks’ financial performance, asset quality and non-performing loan recovery. She can also discuss Rs 100 crore non-performing assets and their recovery status.