INSUBCONTINENT EXCLUSIVE:
Piyush Goyal said that all vacant positions of PSB heads will be filled in the next 30 daysMumbai: Finance Minister Piyush Goyal today
announced setting up of a committee to give recommendations in two weeks on formation of an Asset Reconstruction Company for faster
resolution of stressed accounts
stressed assets have been identified that could fit into the ARC or AMC structure, he said
Also, banks will consider having oversight committees with external experts to help faster decision making and resolving stressed accounts
ensure credit flow to good borrowers should not face difficulties
Risks need to be mitigated to support economy, he said, adding that all bankers wished to set up a mechanism to enable faster resolution of
Suggestions about strengthening governance process and honest recognition of NPAs or bad loans were discussed at the meeting, he said
