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Corrected: Piyush Goyal says committed to support state banks


(Corrects panel head in paragraph 3)By Abhirup RoyMUMBAI (Reuters) - India's interim Finance Minister Piyush Goyal said on Friday that the government was committed to support all state-run banks and strengthen their operations, after several lenders reported a jump in net losses last month."The government stands committed to support all 21 Public sector banks," Piyush Goyal told reporters after a meeting with bank chiefs.He said a panel headed by Punjab National Bank Non-Executive Chairman Sunil Mehta would examine whether banks needed to set up an asset reconstruction company for faster ...

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First Published: Fri, June 08 2018. 20:07 IST