Prime Minister Narendra Modi will be joining banks and non-banking financial companies (NBFCs) tomorrow evening to deliberate on the vision and roadmap for the future, tweeted his office on Tuesday.

“The topics on agenda include credit products & efficient models for delivery, financial empowerment through technology, prudential practices for stability and sustainability of the financial sector,” said the Prime Minister’s Office in another tweet.

The meeting assumes significance as the credit growth has slumped amid the economic slowdown that is caused by the coronavirus-induced lockdown. With businesses shut for so long, the bad loans are expected to pile up.

In its latest Financial Stability Report, the RBI has projected that gross non-performing assets may rise from 8.5 percent to 12.5-14.7 percent by March 2021 depending on the severity of stress in the economy.