.............. “NPAs formed one of the key talking points in the meeting of the prime minister with the secretaries of various ministries he held earlier this month. The two things that the PMO has desired to know are action taken in the last five years on the bad debt front and the reason for the bulge.” Economic affairs secretary Arvind Mayaram has been asked to revert with details. According to senior finance ministry officials top on the agenda was a quick recapitalisation drive and granting of functional freedom to bank chairmen.............
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