State-run banks to present reform plans to Modi Jan 3

New Delhi, Dec 24: Prime Minister Narendra Modi will meet bankers Jan 3 during the concluding session of their "retreat" in Pune where they will prepare an action plan for reforms in public sector banks (PSBs). "In view of the importance of the retreat being held Jan 2-3 at Pune for banks and financial institutions with a view to injecting more money into the system, the prime minister will go to participate in the concluding session," Finance Minister Arun Jaitley told reporters here Wednesday. Jaitley, along with Reserve Bank Governor Raghuram Rajan, senior officials of the finance ministry and heads of PSBs will be attending the retreat called "Gyan Sangam", an official statement here said. "The final objective would be to prepare a blue print of reform action plan. The outline of the reform action plan would be presented to the prime minister Jan 3 at the retreat. Then, further deliberations will take place on this in the presence of the prime minister," it added.