Top loan defaulters' list almost ready: Arun Jaitley

Jaitley says states offering farm loan waivers will have to generate funds from their own resources

Union Finance Minister Arun Jaitley said on Monday that the Reserve Bank of India (RBI) was at “a fairly advanced stage” of preparing a list of borrowers from whom non-performing assets (NPAs) of public sector banks could be recovered under the Insolvency and Bankruptcy Code. The move, he said, would help beleaguered public sector banks (PSBs) recover part of their NPAs, estimated at over Rs 6 lakh crore.  

Jaitley’s remarks came after he, along with RBI and finance ministry officials, held a meeting with the heads of PSBs and took stock of problems affecting the lenders.   

“Under the