 "Govt to support banks to commercially deal with bad loans: Arun Jaitley")
India will support its banks to commercially deal with their bad loans, Finance Minister Arun Jaitley said on Monday after a meeting with senior executives of state-run lenders.
"Banks should be empowered and constitutionally protected to conduct commercially prudent settlements," Jaitley told a news conference in New Delhi.
He added the Indian Banks' Association would meet later on Monday to discuss and suggest a mechanism to handle such settlements.
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