The Reserve Bank of India met heads and senior officials of various banks to discuss broad contours of tackling the issue of stressed assets, reported PTI. The meeting was attended by heads of ICICI Bank, IDBI Bank, Axis Bank, HDFC Bank, Standard Chartered Banks and Canara Bank. Senior officials from SBI and Bank of Baroda were also present in the meeting held at RBI here.
"The focus of the meeting was on the resolution of stressed loans. The RBI had sought our views and suggestions to tackle the bad loan problem. This is the continuation of our past interactions with them (RBI)," a bank official said.
When contacted none of the bankers were ready to divulge details about the meeting. Earlier this month, the government gave wide-ranging legislative powers to the RBI to issue directions to lenders to initiate insolvency proceedings for the recovery of bad loans.
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