During the meeting, the RBI and the bankers discussed various issues, including the asset quality and the way forward for improving the quality of banks' balance-sheets.

All bankers, including SBI's Arundhati Bhattacharya, ICICI Bank's Chanda Kochhar, Axis Bank's Shikha Sharma and Punjab National Bank's Usha Ananthasubramanian, among others, were tight-lipped about the meeting's outcome, and declined to speak on discussions to the waiting reporters outside the RBI headquarters here.

The RBI statement said Rajan was accompanied by his deputies SS Mundra and R Gandhi, and officials from banking regulation and supervision departments.
The gathering assumes significance as it comes days after Rajan announced a March 2017 deadline for the banks to clean up their balance-sheets plagued by high incidence of bad assets.

The meet comes two days ahead of the much-awaited US Fed meeting, which is expected to increase the record low interest rates in the world's largest economy. If done so, this may lead to volatility in the Indian market apart from causing flight of capital.

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