Jaitley, RBI to discuss NPA issues today
Jaitley is expected to interact with RBI Governor Urjit Patel and other officials through video conferencing on how to fast track servicing of bad loans.
Twin balance sheet problem refers to overleveraged and distressed companies and rising NPAs in public sector bank balance sheets. According to the Economic Survey, the issue is important because it is holding up private investment in India.
Chief Economic Adviser Arvind Subramanian has suggested creating of a bad bank to take over bad loans of different sectors and free up banks from those NPAs.
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