Diabytes
India banking system News
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S&P`s lead global sovereign analyst said last week that India`s 7 percent annual growth would be enough to keep the Indian government`s investment grade BBB- rating stable.
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Last month, the government had unveiled a staggering Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks.
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Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and the World Bank, also said that reforming the banking system is the top agenda of the government.
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India takes the issue of defaulters very seriously, Finance Minister Arun Jaitley has said, indicating that he may raise the matter of liquor baron Vijay Mallya with his British counterpart.
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The top management and employees of the state-owned United Bank of India (UBI) would take out a silent march in the city tomorrow to create awareness about the rising levels of NPAs in the banking system.
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