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BANKERS ASK FM TO TACKLE NPA PROBLEM

June 10, 2014



LEADING bankers on Tuesday asked Union finance minister Arun Jaitley to consider setting up National Asset Management Company to deal with the problem of bad loans and address capital issues of public sector banks.

"There were some suggestions on setting up of National Asset Management Company," financial services secretary G. S. Sandhu said after Jaitley's pre-Budget meeting with heads of banks and financial institutions in New Delhi. The proposed company will take over large non-performing assets (NPAs), or bad loans, of banks and help in reviving companies that have been defaulting on loan payment.


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Source: Mail Today (India)


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