India will make efforts to find resources to support debt-laden banks to help them fund economic growth, Finance Minister Arun Jaitley told a meeting of bankers on Friday. Jaitley said stressed bank assets have become a "concern" for the economy. Bad loans have crimped the ability of Indian lenders to offer new credit. ALSO READ: Issue of low corporate investment to be addressed soon: Arun Jaitley Growth in Asia's third-largest economy slowed to a three-year low of 5.7 per cent in the quarter that ended in June, and Jaitley said on Wednesday that the ...
Jaitley says debt-laden banks 'concern' for economy, vows to find resources
He said, 'Bad loans have crimped the ability of Indian lenders to offer new credit'