Economy Government asks PSBs to suggest steps to boost economy amid slowdown Updated : August 21, 2019 12:08 PM IST The PSBs, led by lending major the State Bank of India (SBI), have been directed to analyse the 'ground-level' economic and demand situation. A culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation have led to the slowdown. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.