Top officials of both public and private banks will today brief a parliamentary panel on the issue of mounting Non-Performing Assets (NPAs) and banking frauds.
The Parliamentary Standing Committee on Finance headed by Verappa Moily has called the Indian Banks’ Association officials to appear before it today.
The association has top officials of all the major banks in the country as its member.
As per a lok Sabha bulletin, the panel will be briefed on the issue of rising NPAs and other matters related to banks.
Members of the panel said there will also be discussion on the recent frauds in the banks.
The meeting is being called after the RBI governor Urjit Patel had said the Central Bank did not have adequate powers to deal with public sector banks.
The panel has also called Patel to brief on the same issue later this month.