Friday 12 June 2015

We are on a roadmap of much higher growth: Jaitley

Economy is recovering from the serious challenges it faced in last few years, says Finance Minister Arun Jaitley

Finance minister Arun Jaitley met the head of PSU bankers today to discussed health of banks especially with regard to rising NPAs, according to a news on TV channel.

The minister discussed the roadmap for implementation of Mudra Bank.

Jaitley also discussed the roadmap for credit growth, stalled projects, education and housing loans and further transmission of rate cuts with banks.

He said that the economy is considered to be recovering. The retail credit has picked up; corporate credit yet to pick up.

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