July 17, 2015 12:53 PM

printer

Govt committed to support all public sector banks: Jayant Sinha

Minister of state for Finance Jayant Sinha today said the government is committed to support all public sector banks. Addressing a conference of chief vigilance officers of public sector banks and financial institutions, Mr Sinha said government will ensure public sector banks have sufficient capital for all regulatory requirements. To prevent bank frauds, Mr Sinha said the RBI is in the process of designing a central fraud database, a centralised searchable database which can be assessed by all banks.Speaking on the occasion, CBI director Anil Sinha expressed concern over the sharp increase in bad loans and non performing assets in Public sector Banks. Mr Sinha said from 2009 to 2014, the bad loan amount has increased from 45,000 crore rupees to two lakh twenty thousand crore rupees.

Most Read
View All arrow-right

No posts found.