The government could empanel more private banks. The department of institutional finance and credit control (IFCC) would issue orders when banks would be empanelled.
The spokesperson said it was decided that all empanelled banks were supposed to fulfill the requirement of participation in various government-sponsored schemes on the basis of targets set for them either by state-level bankers' committee (SLBC) or the government.
Those banks which would not provide the information as sought or which would fail to fulfill the prescribed targets for one year would be considered for de-empanelment.
The spokesperson said the government would monitor the information every six months and, in the event of non-achievement of the targets in two consecutive six-monthly reviews, a decision regarding the de-empanelment of a bank would be taken.