Piyush Goyal hopes PSU banks will overcome 'legacy issues'

Goyal, who is standing in for Jaitley, promised all Central support to the banks in a meeting with 11 govt-owned lenders

Newly-appointed finance minister Piyush Goyal has expressed confidence that public sector banks, particularly those placed under the prompt corrective action (PCA) by the Reserve Bank of India, would come out of the "legacy issues" quickly and promised all Central support to them. 

Goyal, who was given additional charge of the finance ministry because of Arun Jaitley's ill health, was talking to reporters after meeting the representatives of eleven PCA banks. The meeting is still on. 

"Today, we have called all banks which are placed under PCA. Eleven bankers are representing these banks to share what had happened in their banks," he said. 

Goyal