Finance Minister Arun Jaitley delivers a lecture on “India: Political, Social and Economic Change’ at the Osaka University in Osaka, Japan on Thursday. (Source: PTI Photo) Finance Minister Arun Jaitley delivers a lecture on “India: Political, Social and Economic Change’ at the Osaka University in Osaka, Japan on Thursday. “So it is the balance sheet provisioning which has led to that situation.”These NPA loans were not given recently, Jaitley added. The Finance Minister said once the problem climaxes and the sectoral results start turning over, the situation would change. In many of those sectors, the balance sheet has started changing and therefore slowly it must relate to the banks itself and reflect on their balance sheet,” he said.

Source: Indian Express June 05, 2016 09:33 UTC