In the next 30 days, executive positions in public sector banks will be filled up, Goyal said at a press conference that came against the backdrop of several lenders reporting a jump in net losses earlier this month.
Goyal said there was a proposal that banks may consider having committees comprising retired judges, vigilance officials, regulators to bring in external expertise that will help faster decision-making, ANI reported.
The Indian banking sector
is reeling due to the problem of bad loans, which are putting an extra burden on the world's sixth largest economy. Non-performing assets touched Rs 8.31 trillion at the end of December 2017.
Banks reported a further rise in bad loans in the March quarter after the Reserve Bank of India withdrew half a dozen loan-restructuring schemes and tightened some rules in February.
Risks need to be mitigated to support the economy, Goyal said, adding suggestions about strengthening the governance process and the honest recognition of NPAs or bad loans were discussed in Friday's meeting.
He assured that processes will be streamlined and customer interest protected.
Goyal said his discussions with the bankers also focused on a mechanism to ensure credit flow to good borrowers.