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Solving NPA problem is top priority for Indian government, says official.

Global Banking News-September 8, 2017--Solving NPA problem is top priority for Indian government, says official

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Global Banking News - 08 September 2017

A top official with the Indian government has said that solving the bad loan problems of Indian banks is the top priority for the Indian government, rather than creating a bad bank.

The official said that the government has dropped the idea of setting up a bad bank and solving the NPA problem has more importance than pursuing consolidation in the banking sector.

Sanjeev Sanyal, principal economic advisor to the government, added that consolidation in the banking sector is a necessity even though now the government wants to focus on solving the bad debt levels.

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Publication:Global Banking News (GBN)
Date:Sep 8, 2017
Words:145
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