Finance Minister to meet Bank chief Officer today regarding these big decisions
Finance Minister to meet Bank chief Officer today regarding these big decisions
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Finance Minister Piyush Goyal will meet on Thursday with the bank chiefs officers. The main projects regarding economy will be considered in the meeting. In the project, suggestions have been given about the inter-lending structure to accelerate the settlement of debt-trapped in the banking system. 

Sources said that the framework of the inter-lender agreement proposed in the 'strong project' of the banking sector can be formally formulated. The meeting was organized by the Indian Banks' Association (IBA). The inter-lender agreement will be a kind of framework under which these groups will look at the banks' debt trapped cases and accelerate their settlement. 

In this agreement, which will be prepared in the agreement between lender banks, Lead Bank will be authorized to implement the solution plan in 180 days. According to the framework, the inquiry committee of independent experts appointed by the IBA will confirm the validation process within 30 days and if the lenders receive 66 per cent of the loan, then they allow the solution process to be pursued under the NCLT process. Once the settlement process is approved, the Lead Bank will be accountable for the implementation of the scheme. 

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