2015 To Review Case By Case Some of The Major Projects of Infrastructure Sector Such as Road, Power, Steel And Shipping in The Presence Of Senior Officers of The Ministries Of Power, Steel, Transport, Shipping and Rbi In order to Understand The Problems Faced By the Project Promoters and the Banks in Retrieving Them And To Find-Out a Solution to Such Problems

In view of the fact that the level of Non Performing Assets (NPAs) and the stressed projects of Public Sector Banks (PSBs) have been showing an upward trend in the last four quarters, the Department of Financial Services (DFS), Ministry of Finance is going to hold a meeting of CMDs of Public Sector Banks (PSBs) on 28th April, 2015 at RBI Office in Mumbai. In this meeting, case by case review of some of the major projects of infrastructure sector such as Road, Power, Steel and Shipping would be undertaken by the Ministry in the presence of Senior Officers of the Ministries of Power, Steel, Transport, Shipping and the Senior Officers of RBI.
The objective of this meeting is to understand the problems faced by the project promoters and the banks in retrieving them and to find-out a solution to such problems. This meeting would help the Department to crystalise the actions required by Banks, Ministry of Finance and other concerned Central Ministries as well as support required from RBI.

Non-performing assets review convened to coordinate banks and ministries on retrieving stressed infrastructure projects and seek RBI support. The Ministry of Finance will convene CMDs of Public Sector Banks for a case-by-case review of major road, power, steel and shipping projects to identify problems faced by promoters and banks in retrieval and to frame remedial measures; the meeting aims to crystallise actions required of banks, the Ministry and concerned Central Ministries and to determine support expected from RBI.