Lead bank must play key role for quick decisions, says PNB MD Sunil Mehta

Bankers will have to start making effort to resolve the assets before going to NCLT. If we start referring every issue to NCLT, it will also get clogged

Punjab National Bank MD & CEO Sunil Mehta says lending by bank continues unaffected despite the adverse situation caused by the Nirav Modi and Mehul Choksi-related fraud. He tells Somesh Jha and Indivjal Dhasmana that five-pronged strategy –SASHAKT—to recover non-performing assets will de-clog NCLT. Edited excerpt:
 
Do you think setting up an asset management company (AMC) is a viable alternative to the Insolvency and Bankruptcy Code (IBC) route, especially looking at the decent recovery you have had in the Bhushan Steel case?
 
Hats off to IBC. It is one of the best decisions that the government has taken.