 "Union Finance Minister Arun Jaitley (left) talks to Reserve Bank of India (RBI) Governor Urjit Patel (second from left) during a meeting with the officials of Department of Financial Services and RBI in New Delhi on Friday. Photo: PTI")
Union Finance Minister Arun Jaitley on Friday held a closed-door meeting with Reserve Bank of India (RBI) Governor Urjit Patel and senior officers of the central bank and finance ministry to discuss ways of resolving the issue of burgeoning levels of toxic assets of banks.
According to sources, the officials discussed ways to deal with non-performing assets (NPAs), estimated at more than Rs 9.5 lakh crore.
However, no decision was taken. Officials who attended the meeting said there would be more meetings and a decision would be taken soon.
RBI Deputy Governors Viral Acharya and SS Mundra were present in the meeting. From
