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Interim Budget 2019: FinMin, PSB chiefs to discuss NPAs in review meet

Setting up a common portal for e-auction of properties will also be discussed

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Interim Budget 2019  |  Npas

Somesh Jha  |  New Delhi 

The finance ministry’s review meeting with the chief executives of public sector banks (PSBs), ahead of the Interim Budget 2019-20, will focus on ways to reduce non-performing assets (NPAs) and boost their recovery, especially by auctioning borrowers’ properties.

Financial Services Secretary Rajiv Kumar is set to chair the meeting slated to be held on January 28, instead of January 22 as was planned earlier. “The meeting will be focussed on NPAs. We will discuss the steps being taken by banks to reduce and recover bad loans,” a senior finance ministry official said, ...

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First Published: Sat, January 19 2019. 01:53 IST