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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Flight services between Kolkata, Dubai resume partially
Kolkata (PTI): Flight services between Kolkata and Dubai resumed partially on Thursday, after a four-day suspension due to the ongoing conflict in the Middle East, officials said.
A flydubai aircraft from Dubai landed at the Netaji Subhas Chandra Bose International Airport here at 2:40 am with 130 passengers on board, marking the first arrival from the Middle East after services were halted for over 113 hours, they said.
The Boeing 737 Max aircraft was scheduled to arrive at 12:25 am, Kolkata airport officials said.
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The same aircraft departed for Dubai at 3:59 am with 55 passengers, they said.
The last flight to depart for the Middle East from Kolkata before the suspension was an Emirates aircraft to Dubai on February 28, the officials said.
International services between Kolkata and cities such as Dubai, Doha and Abu Dhabi were disrupted, after airlines temporarily suspended operations amid escalating tensions and airspace restrictions in parts of the Middle East, due to the conflict involving the US, Israel and Iran.
There is no clear indication about when all the Middle East routes will fully reopen, they said.
