Finance Minister Arun Jaitley today introduced the Banking Regulation Amendment Bill, 2017 in the Lok Sabha seeking replacement of Ordinance promulgated in this regard in the month of May this year. <br/><br/>The object of the Amendment is speedy resolution of Non Performing Assets in the banking system. Introducing the Bill, Mr. Jaitley said that banking Regulation Act, 1949 is being amended for authorising the Reserve Bank of India to issue directions to banking companies for timely resolution of stressed assets.