Piyush Goyal to meet heads of 13 Public sectors banks

Finance Minister Piyush Goyal will meet heads of 13 public sectors banks in New Delhi to resolve various issues concerning them. This will be the first meeting with the heads of the Public sector banks after their annual financial result for 2017-18.Most of the banks posted loss in the fourth quarter of the last fiscal. These banks are headquartered in the east, south and northern regions.

Sources said almost all banks have reported increase in non-performing assets as per the February 12 guidelines of the Reserve Bank of India. The new guidelines have specified framework for early identification and reporting of stressed assets.In addition, the issues concerning banks which are under the Prompt Corrective Action framework of the Reserve Bank, would also be discussed.