Finance Minister Arun Jaitley has said proactive steps need to be taken to contain rising Non Performing Asset, NPA in Banking sector. Addressing the Heads of Public Sector Banks in New Delhi today, Mr. Jaitely said that bank officials should fund for the stalled projects in the country to help control the NPA. Talking to reporters after the meeting, Mr Jaitley said various issues on the agenda including the state of the markets today, and several schemes under which PSU banks have done commendable job, particularly the Jan Dhan Yojna of the government were discussed. The Minister has also suggested to banks the proactive steps in supporting various projects, so that credit take off with regard to these projects picks up in a big way.
News On AIR | November 20, 2014 4:11 PM
Proactive steps needed to contain rising NPA in Banking sector: Jaitley