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FM: Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector

News and Press Release - Dated:- 27-4-2016 - The Union Finance Minister, Shri Arun Jaitley said that the Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector especially in case of Public Secto .....

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ers including loans sanctioned without due diligence by the banks. The Finance Minister said that the Government has taken various measures to deal with both these categories of defaulters. The Finance Minister Shri Jaitley was making his Opening Rem .....

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, the Government has taken various measures to revive the stressed sectors which mainly include steel, textiles, power and roads among others. Shri Jaitley said that the Government has also done recapitalization of banks by providing ₹ 25,000 c .....

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ors. He said the Government has taken various measures to make the management professional, has given full autonomy to the banks in taking commercial decisions without any interference from the Government.. The Finance Minister Shri Jaitley said that .....

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very process more efficient and expedient. The Finance minister said that wherever it was observed that number of cases in which action taken by the banks against guarantors for recovery of defaulted loans is insufficient, the Government has advised .....

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s last month. The Finance Minister also highlighted the various measures taken by the Government for revival of stressed sectors such as steel, road, power and textile sectors among others. Later the Members of the Consultative Committee gave their s .....

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. They asked for exemplary action against the wilful defaulters so that others do not indulge in similar activities. Some members appreciated the Government s effort to make the appointment process for the top management positions of banks profession .....

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nment to ensure level playing field to all Indian entrepreneurs across the board. They suggested that due to wilful default by some prominent business men, others may not be considered and treated in a similar fashion. Some members suggested that a c .....

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