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Piyush Goyal says government committed to support state banks

Reuters  |  MUMBAI 

By Abhirup RoyMUMBAI (Reuters) - India's interim finance minister 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 CEO Sunil Mehta would examine whether banks needed to set up an asset reconstruction company for faster resolution of stressed lenders.Indian banks, already burdened by a ...

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First Published: Fri, June 08 2018. 18:36 IST