March 5, 2016 6:52 PM

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FM says there are enough steps that banks can take to recover bad loans

Finance Minister Arun Jaitley today said there are enough steps that banks can take to recover bad loans under existing norms. Speaking in the second "Gyan Sangam", the retreat of heads of public sector financial institutions in Gurgaon, the Finance minister asked banks not to write off bad loans. <br/><br/>He also said nobody is being spared in the long run though. The minister said, some banks are trying and they get the money back. He said government will consult expert group on bank consolidation. He also said that for good health of banks Government is keeping banks immune to politics.

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