Arun Jaitley meets heads of public sector banks
Finance Minister Arun Jaitley on Monday met the heads of the public sector banks to discuss their key challenges including the growing non-performing assets (NPAs) issue. The banks' cumulative losses of ₹18,000 crore during the previous fiscal was due to higher provisioning for bad loans, Jaitley said, adding, the government had earmarked ₹25,000 crore for recapitalisation of the banks. 