new delhi mumbai worried over the flow of credit to the corporate sector and small businesses prime minister narendra modi will brainstorm with the countrys top bankers on wednesdaythe topics on agenda include credit products and efficient models for delivery financial empowerment through technology prudential practices for stability and sustainability of the financial sector banking sector plays an important role in contributing to indias economic growth through financing infrastructure agriculture local manufacturing including msmes financial inclusion can play a big role in financial empowerment through technology the prime ministers office said in a statementthose invited for the interaction include rajnish kumar chairman sbi aditya puri md hdfc bank sandeep bakhshi md icici bank s s mallikarjuna rao md and ceo of punjab national bank and renu sud karnad md of hdfc sources saidaccording to economists one of the key issues facing businesses is the absence of credit growth despite easing by the rbi unlike most major economies quantitative easing in india has not led to creditgrowth acceleration with bank credit growth already at a sixdecade low and a likely contraction of nominal gdp in fy21 credit too may shrink impacting banks net interest income said sujan hazra chief economist at anand rathi securitiesunless the liquidity injected by the rbi and creditenhancing measures guarantees extended by the government lead to the acceleration of credit growth these steps would not aid revival of growth said hazra in a note on credit growthbankers made a presentation on their suggestions on what was needed in a meeting with secretary department of financial services which was a dry run for their meeting on wednesday with the prime minister officials have pointed out that despite the massive amount of liquidity banks are not lending and are instead parking funds with the rbion their part public sector banks have blamed the governments witch hunt against bankers and pointed to instances where cases have been lodged against the entire board by cbi prompting them to play safe the governments move to repeatedly comfort bankers has had little impact in improving their risk appetiteeven now they are preferring to be cautious instead of stepping up lending amid fears of a sharp spike in bad debt in the coming monthswatch pm narendra modi to meet top bankers today discuss credit flow