Bankers brainstorm with Goyal on improving credit flow, sector's heath
Mumbai, June 8: Top bankers from north and south India on Friday discussed modalities to improve credit flow and setting up global standards in the banking system, Finance Minister Piyush Goyal said here.
"There was an internal discussion among the bankers, particularly in respect to improving credit flow while mitigating risk associated with it," he said in a press conference after meeting the bankers.
Goyal said the banks may also consider having an oversight company with retired judges or vigilance officers to advise on the health of the banks.
A committee has been formed under Sunil Mehta, non-executive Chairman, Punjab National Bank to come up with recommendations, within two weeks, on suggestions given by bankers on Friday on whether to set up a asset reconstruction company or asset management company for faster resolution of stressed asset.
"The government stands committed to support 21 public sector banks," the minister added.
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Sonia Gandhi stable, under observation at Sir Ganga Ram Hospital
New Delhi (PTI): Veteran Congress leader Sonia Gandhi, who is admitted at Sir Ganga Ram Hospital here, is stable and under close medical supervision, doctors said on Wednesday.
According to hospital authorities, she was admitted at around 10.22 pm on Tuesday.
Chairman Dr Ajay Swaroop said that her condition remains stable and a team of doctors is closely monitoring her health.
Doctors are conducting further examinations to check for a possible infection in the stomach and urinary tract, and antibiotics have been administered as part of the treatment, the hospital said.
Sources had earlier said that Gandhi was unwell, possibly due to the weather change, and was admitted for observation.
They said there is no cause for concern and her condition is not serious.
