April 27, 2016 2:06 PM

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Govt takes measures to deal with NPAs in banking sector: Jaitley

Government has taken various measures to deal with the issue of Non Performing Assets in Banking Sector especially in case of Public Sector Banks. Finance Minister Arun Jaitley said this today while addressing a meeting of the Consultative Committee attached to the Finance Ministry in New Delhi. Mr. Jaitley said there are two categories of defaulters, those who are unable to pay back due to economic slowdown and other reasons outside their control as well as wilful defaulters. He said, the government has taken various measures to deal with both these categories of defaulters. Mr. Jaitley further said in order to deal with default due to economic slowdown, government has taken various measures to revive the stressed sectors which include steel, textiles, power and roads.

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