Finance Ministry to hold meeting with top management of banks today

Finance Ministry has called a meeting of senior management of banks today to discuss the bad loans issue in specific sectors. Sources said, the meeting will focus on non-performing assets (NPAs) in sectors like steel, power and infrastructure. These three sectors account for bulk of gross NPAs which surged to Rs 4.76 lakh crore in 2015-16. The



meeting will be attended by CEO and Executive Directors of various public sector banks. 

Senior officials from the steel, power and road transport ministries will also be present there. Finance Minister Arun Jaitley had earlier said that banks should enforce their right and recover dues in the larger interest of the economy.