Finance Minister Arun Jaitley today said, rising in the Non Performing Assets, NPAs is cause of concern and proactive steps are required to bring it down in Banking sector. Addressing the heads of Public Sector Banks and other Financial Institution in New Delhi ,Mr Jaitely asked the bankers to take necessary measures in order to bring down their NPAs and work in a professional manner without fear or favour. He also asked the banks to increase their credit flow to various pending projects in the country. The Finance Minister also said that the government has taken various steps to streamline the process of appointment of Chief Executive Officers, CEOs and Executive Directors ,EDs of the Public Sector Banks(PSBs) to introduce objectivity in the process. Mr Jaitley complemented the bankers for their excellent performance with regard to the implementation of the Pradhan Mantri Jan Dhan Yojana PMJDY in a time bound manner. On the issue of FDI ,The Minister said that there is great opportunity to attract foreign investment and large numbers of international entrepreneurs are showing their keen interest in India.
News On AIR | November 20, 2014 6:29 PM
Rising NPAs cause of concern; Proactive steps required to bring it down: Jaitley