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National News

Jul 05, 2018
8:07PM

Finance Minister Piyush Goyal meets heads of banks

Finance Minister Piyush Goyal today met heads of banks in New Delhi today and discussed an inter-lender structure suggested under the Project "Sashakt" that intends to fast-track resolution of stressed assets in the banking system.

The meeting was organised by the Indian Banks Association to discuss framework under which the consortium will take up Non-Performing Asset, NPA cases.     

While accepting Sunil Mehta Committee recommendation earlier this week, the Finance Minister had said that banks will set up independent Asset Management Companies and steering committees for faster resolution of bad loans.

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