Even as the government scurries to tackle the problem of bad loans, Finance Minister Arun Jaitley stressed that reviving banking sector and investment in private sector top his priority list. The Reserve Bank of India and banks are working on a list of defaulters and will put out the list soon, he said.
“My next big target is banks and private sector investment… that is the bull’s eye,” Jaitley told CNBC-TV18 in an exclusive interview. The list of companies to be selected in the first instance for invoking insolvency code is almost ready, he added. “RBI should put out the details soon.”
Last month, the RBI had said it would reconstitute and expand the oversight committee to deal with the menace of non-performing assets. The central bank also outlined a plan of action for implementing banking ordinances to deal with the issue.
“My next big target is banks and private sector investment… that is the bull’s eye,” Jaitley told CNBC-TV18 in an exclusive interview. The list of companies to be selected in the first instance for invoking insolvency code is almost ready, he added. “RBI should put out the details soon.”
Last month, the RBI had said it would reconstitute and expand the oversight committee to deal with the menace of non-performing assets. The central bank also outlined a plan of action for implementing banking ordinances to deal with the issue.
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