Finance Minister Piyush Goyal today vowed to quickly put on track the banking sector, which has been marred by scandals and bad debts that threaten to have repercussions for the broader economy.
Goyal, who was earlier this week given temporary charge of the finance ministry until Arun Jaitley recovers after undergoing a kidney transplant, met heads of public sector banks here today.
“We will ensure very orderly growth of the industry and highest levels of probity and accountability that is expected of public sector banks,” he said after the meeting.
Goyal, considered a close associate of Jaitley, has not made a big show of getting additional charge of the finance ministry and largely operates from Rail Bhawan. Jaitley, he said, was “recovering very well”. Read More