News digest: Goyal meets PSB heads, markets turn negative, and more

The chiefs of PSBs discussed issues faced in taking bad loan cases to NCLT along with ways to boost credit, particularly for MSME

Public sector banks to turn more profitable: Piyush Goyal after review meet

Public sector banks (PSBs) will become more profitable and proactive in the days to come, Finance Minister Piyush Goyal said after holding a review meeting with the lenders on Monday, days ahead of the interim Budget.

The chiefs of PSBs discussed issues faced in taking bad loan cases to the National Company Law Tribunal (NCLT) along with ways to boost credit, particularly for micro, small and medium enterprises (MSMEs), and improve recovering bad loans. Read more here 

Markets drop as investors dump firms with high debt levels, share