Govt to consider more oversight panels for NPAs, says Jaitley

He said rate of rise in banks' NPAs slowed in March quarter; steel sector began showing improvement

Union Finance Minister Arun Jaitley said on Wednesday the government would consider setting up multiple oversight committees under the Reserve Bank of India (RBI) to examine the cases of non-performing assets (NPAs) referred by banks. 

According to an official release by the finance ministry, Jaitley also said several alternatives were being discussed on the issue of setting up state-backed bad banks.

Jaitley made these remarks at the meeting of the Consultative Committee on Finance on Wednesday morning.

The committee discussed ways to deal with the toxic assets worth ~9.5 lakh crore in the banking system. However, senior government officials in