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FM Jaitley to meet PSU bank chiefs on Monday to review NPA situation

It will be first meeting after promulgation of ordinance amending the Banking Regulation Act

Press Trust of India  |  New Delhi 

Finance Minister Arun Jaitley will meet heads of public sector banks (PSBs) on Monday to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans that have crossed Rs 6 lakh crore. Besides, the minister will review the financial performance of all PSBs at the meeting, the first between Jaitley and them in the current financial year (FY). The meeting also assumes significance as it will be the first after last month's promulgation of the ordinance amending the Banking Regulation Act, 1949. The government had ...

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First Published: Mon, June 12 2017. 01:08 IST
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