INTERIM FM PIYUSH GOYAL - Discussed several aspects of Indian banking system with bankers

INTERIM FM PIYUSH GOYAL
Discussed several aspects of Indian banking system with bankers
SBI has robust mechanism with which credit decisions are taken
Banks to set up dedicated mechanism for managing stressed accounts
PSU banks need to start working together to address MSME issues
Need to ensure credit flow with good borrowers with good accounts
Committee to consider setting up ARC for faster NPA resolution
Working group formed to check feasibility of setting up ARCs
Govt stands committed to give full support to strengthen banking system
Govt stands committed to protect depositor's money
Govt stands committed to support 21 PSU banks
Panel u/Sunil Mehta to consider forming ARC or AMC to resolve stressed assets
Sunil Mehta panel to recommend in 2 weeks on AMC/ARC
Confident that Govt, RBI & Banks will work together to strengthen banking syst
AMC or ARC can take over stressed accounts of banks
Little early to judge if there will be more need of Govt Capital infusion
In next 30 days all executive positions in PSU banks to be filled up
No decision on raising FY19 bank capital infusion target
A consortium of banks will take over good loans of banks under PCA
BOB's Jayakumar to strategise takeover of PSBs good loans for banks under PCA
Power, Finance ministry will soon discuss 11 stressed assets
Power, Finance ministry will soon meet on Allahabad HC order

PIYUSH GOYAL ON ICICI BANK
No cause of concern for any stakeholders of ICICI Bank
ICICI Bank is a good bank with robust processes
Law of land to take its course in case of ICICI Bank
RBI as regulator has to answer on the issue of ICICI bank