PSUs to manage stressed assets of banks: Jaitley
State-owned public sector units such as NTPC and SAIL will be roped in to manage banks' stressed assets to deal with the problem of bad loans, Finance Minister Arun Jaitley said on Monday. This came after Jaitley chaired a meeting on stressed assets in steel, power, and shipping sectors. Bad loans surged to 9.32% (₹4.76 lakh crore) in FY16.