Financial Services Secretary Rajiv Takru on Thursday said that banks are likely to see some improvement in their Non Performing Assets in the next financial year.Speaking to reporters in Mumbai, Takru said the Cabinet Committee on Investment has cleared 60-70 stalled projects in the last three to six months and the improvement in bad loans will be visible as these projects start moving.Meanwhile talking about the issue of allowing banks to enter insurance broking, Takru said that a meeting has been planned with the Indian Banks Association to iron out the nitty-gritty of the plan.
News On AIR | January 23, 2014 7:36 PM
Banks likely to see improvement in NPAs in next FY