Pune: India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday.
"There is a need to get the best talent into the system. There is a need for far greater autonomy being given to them (public sector banks)," Jaitley told reporters on the sidelines of the two-day banking retreat.
Top bankers of India have gathered here to discuss long-pending reforms in the banking sector, which will help improve the health of public sector banks.
Jaitley also termed "unacceptable" the level of bad assets in the banking system and promised more autonomy for public sector banks to run business with a "commercial mindset".
"There are unacceptable levels of NPAs (non-performing assets) in some cases and the banks have to be given a sufficient amount of leeway to deal with commercial issues with a commercial mindset," he said.
Begin typing your search above and press return to search.
exit_to_app
exit_to_app
Posted On
date_range 3 Jan 2015 3:37 PM GMT Updated On
date_range 2015-01-03T21:07:38+05:30India needs reforms in banking sector: Jaitley
text_fields access_time 2020-08-07T09:31:29+05:30
access_time 2020-08-07T08:33:24+05:30
access_time 2020-08-06T22:29:10+05:30
Next Story
'Safai Karamchari Andolan' starts 'Mission 2021' to eradicate manual...
India vs Australia SCG Test: Vihari, Ashwin stand tall to snatch a
US to classify 'Houthis' as a terror group; aid agencies unhappy
Earth in a hurry to spin, scientists discover