Finance Ministry has called a meeting of heads of public sector banks on April 28

By Editor News
NEW DELHI: Concerned over rising bad loans in the infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks on April 28 to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.

This meeting would help the Department to crystalise the actions required by banks, Finance Ministry and other central ministries as well as support required from the RBI, he added.

One of the major reasons for rising non-performing assets (NPAs) for PSU banks is non-implementation of infrastructure projects for reasons like, fuel linkage, environment clearance, land acquisition issue etc.

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