New Delhi, Nov 23: Concerned over “unacceptable” NPA levels, Finance Minister Arun Jaitley on Monday discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.
In the second quarterly performance review in six months, Jaitley brainstormed with SBI Chairperson Arundhati Bhattacharya and other PSU bank heads as well as RBI officials over the rising bad loans in different sectors including steel, credit offtake, health of the lenders and status of social security schemes.
The gross Non-Performing Assets (NPAs) of Public Sector Banks rose to 6.03 per cent at the end of June, as against 5.20 per cent in March this year.
The meeting had secretaries of various departments making presentations on the credit requirements for projects in the sectors under them.
