Reserve Bank of India Governor, Raghuram Rajan met top bankers today to discuss on the way forward on various issues like preparedness for Basel III norms, capital requirement,fund-raising plans and improving quality of assets, CNBC TV-18 reported.
Sources said the possible agenda of this meeting was to understand the progress and implementation of some of the schemes like strategic debt restructuring (SDR), 5:25 scheme.
Most bankers, however, remained tight-lipped on the exact agenda for the meeting and what transpired.
Arun Tiwari, CMD, Union Bank of India said “this meeting did not have any specific agenda and was purely for bankers’ feedback on general economy, commodity prices, IRAC norms, capital raising plans and so on”.
Tiwari said that it is the duty of each bank to clean up its balance sheets even without any specific directive from the RBI.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
