<p class="MsoNormal" style="text-align: justify; line-height: 12.65pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size:12.0pt;font-family:times new roman,serif;mso-fareast-font-family:times new roman;color:#222222;mso-bidi-language:hi">Union Finance Minister Piyush Goyal has said that the government is ready to discuss with the Reserve Bank its concerns regarding lack of powers in regulating state-run lenders. Speaking to reporters in Mumbai yesterday, </span><b style="font-size: 10pt;"><span style="font-size: 12pt; font-family: times new roman, serif; color: #222222; font-weight: bold;">Mr.</span></b><span style="font-size:12.0pt;font-family:times new roman,serif;mso-fareast-font-family:times new roman;color:#222222;mso-bidi-language:hi"> Goyal said banking system has failed to live up to the high standards and ethics expected of them. He, </span><b style="font-size: 10pt;"><span style="font-size: 12pt; font-family: times new roman, serif; color: #222222; font-weight: bold;">however</span></b><span style="font-size:12.0pt;font-family:times new roman,serif;mso-fareast-font-family:times new roman;color:#222222;mso-bidi-language:hi"> clarified that the government does not intend to lower its stake in public sector banks adding that there was no proposal to bring down government stake in </span><b style="font-size: 10pt;"><span style="font-size: 12pt; font-family: times new roman, serif; color: #222222; font-weight: bold;">state run</span></b><span style="font-size:12.0pt;font-family:times new roman,serif;mso-fareast-font-family:times new roman;color:#222222;mso-bidi-language:hi"> banks from 51 to 20 </span><b style="font-size: 10pt;"><span style="font-size: 12pt; font-family: times new roman, serif; color: #222222; font-weight: bold;">percent</span></b><span style="font-size:12.0pt;font-family:times new roman,serif;mso-fareast-font-family:times new roman;color:#222222;mso-bidi-language:hi">. </span></p>''<p class="MsoNormal" style="text-align: justify; line-height: 12.65pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="font-size: 10pt;"><span style="font-size: 12pt; font-family: times new roman, serif; color: #222222; font-weight: bold;">Mr.</span></b><span style="font-size:12.0pt;font-family:times new roman,serif;mso-fareast-font-family:times new roman;color:#222222;mso-bidi-language:hi"> Goyal said that the government will back all the state-run banks with enough capital. A day after accepting the recommendation to set up </span><b style="font-size: 10pt;"><span style="font-size: 12pt; font-family: times new roman, serif; color: #222222; font-weight: bold;">an a</span></b><span style="font-size:12.0pt;font-family:times new roman,serif;mso-fareast-font-family:times new roman;color:#222222;mso-bidi-language:hi"> bad bank to resolve smaller loan defaults of up to 500 crore rupees, the Minister said liquidation can't be a remedy for all NPAs as genuine business failures must be resolved.</span></p>