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Banks have full powers to deal with asset quality issues 

November 23, 2015

K R Srivats, The Hindu Business Line

New Dehli: The Finance Minister, Arun Jaitley, on Monday said that he discussed with bankers the health of the banking system.

After a nearly three-hour-long meeting with bankers, Jaitley told reporters that he expects the quality of assets in the banking system to improve in the coming days.

Both the Government and the Reserve Bank of India have empowered the banks to effectively deal with asset quality issues.

Going forward, once the bankruptcy law is enacted by Parliament, the banks would be even more equipped to deal with debtor defaults. Read more

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