The SBI has over the years had a very robust mechanism: Piyush Goyal

FLASH: The State Bank of India has over the years had a very robust mechanism by which faster credit decisions are taken in a transparent manner, such as decisions on credit, decisions on resolution of stress. A presentation was made by SBI based on several years of experience and I am given to understand that all the bankers are now wishing to set up such a mechanism which will enable faster resolution of stressed accounts in a very transparent manner. There is also been a proposal that some of the banks may consider having oversight committees,it could comprised of retired judges, vigilance officials, regulators,and bring in some external expertise to help faster decision making in the Indian banks: Finance Minister Piyush Goyal.
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