<p>India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday.<br /><br /></p>.<p>"There is a need to get the best talent into the system. There is a need for far greater autonomy being given to them (public sector banks)," Jaitley told reporters on the sidelines of the two-day banking retreat.<br /><br />Top bankers of India have gathered here to discuss long-pending reforms in the banking sector, which will help improve the health of public sector banks.<br /><br />Jaitley also termed "unacceptable" the level of bad assets in the banking system and promised more autonomy for public sector banks to run business with a "commercial mindset".<br /><br />"There are unacceptable levels of NPAs (non-performing assets) in some cases and the banks have to be given a sufficient amount of leeway to deal with commercial issues with a commercial mindset," he said.</p>
<p>India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday.<br /><br /></p>.<p>"There is a need to get the best talent into the system. There is a need for far greater autonomy being given to them (public sector banks)," Jaitley told reporters on the sidelines of the two-day banking retreat.<br /><br />Top bankers of India have gathered here to discuss long-pending reforms in the banking sector, which will help improve the health of public sector banks.<br /><br />Jaitley also termed "unacceptable" the level of bad assets in the banking system and promised more autonomy for public sector banks to run business with a "commercial mindset".<br /><br />"There are unacceptable levels of NPAs (non-performing assets) in some cases and the banks have to be given a sufficient amount of leeway to deal with commercial issues with a commercial mindset," he said.</p>