<div>The government may consider reducing its stake in state-run lenders to 52 per cent, Finance Minister Arun Jaitley said on Monday (29 September).</div><div> </div><div>The government would also consider other issues including problems tied to distressed state power providers, Jaitley said while speaking at a banking conference.</div><div> </div><div>His comments come amid continued concerns about the levels of distressed debt in the banking sector.</div><div> </div><div>The government was getting ready to unveil a draft for a bankruptcy code at the end of this month or in early October, Jaitley added.</div><div> </div><div>State-owned lenders have struggled to recover much of the bad debt piling up on their balance sheets using available mechanisms because of the lack of a bankruptcy code.</div>
