<span style="color: #000000; font-family: verdana; font-size: 12px; text-align: justify;">Top officials of both public and private banks will brief the Parliamentary Standing Committee on Finance in New Delhi today on the issue of mounting Non-Performing Assets (NPAs) and bank frauds.&nbsp;<br style="color: #000000; font-family: verdana; font-size: 12px; text-align: justify;" />''<br style="color: #000000; font-family: verdana; font-size: 12px; text-align: justify;" />''The meeting is being called after the RBI Governor Urjit Patel said, the central bank does not have adequate powers to deal with public sector banks.&nbsp;<br style="color: #000000; font-family: verdana; font-size: 12px; text-align: justify;" />''<br style="color: #000000; font-family: verdana; font-size: 12px; text-align: justify;" />''The panel has also called Mr Patel to brief on the same issue later this month. According to official data, gross NPAs of state-owned banks has touched 8 lakh crore rupees at the end of last year.</span>
News On AIR | June 4, 2018 10:36 AM
Top bankers to brief Parliamentary Standing Committee on Finance on mounting NPA, bank frauds