Indianmandarins has learnt that the Finance Ministry is finding it difficult to identify willing members for its recently announced high-level panel to suggest recovery and sale of non-performing assets (NPA) of public sector banks. According to bankers, the ministry had sounded out former Securities and Exchange Board of India (SEBI) Chairman M. Damodaran, former Judge of Supreme Court, Justice B.N. Srikrishna and former central vigilance commissioner P. Shankar to be a part of the committee. However, they are said to have conveyed their limited availability for interaction with banks. The ministry is now looking at other options. The formation of the panel was aimed at advising banks on bad loan recovery and one-time settlement offers from defaulters. Banks often show reluctance in one-time settlement offers from defaulters as they have to take a haircut if such offers are accepted. They fear questions may be raised by the investigative agencies if they settle for less. The panel is meant for removing fears of banks and help them reach a reasonable settlement.