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Panel of MPs to summon bankers, may quiz RBI governor Urjit Patel
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Panel of MPs to summon bankers, may quiz RBI governor Urjit Patel
Jul 27, 2018 11:42 AM

The parliamentary estimates committee is expected summon top bankers once again, to discuss the issue of bad debts, sources privy to the developments told CNBC-TV18.

Earlier this month, the panel had summoned RBI governor Urjit Patel and key finance ministry officials along with heads of some banks to respond to queries on non-performing assets (NPAs).

The panel wants to know about the NPA loans, approving authority, directors on the board and the minutes of the meeting.

As per top sources in the estimates committee, in the next few days, the panel would be getting evidence from various public sector banks.

It had already talked to Arvind Subramanian, the Chief Economic Adviser, who said that former RBI governor Raghuram Rajan had identified the NPAs problem some years back.

The estimates committee is also looking at various people involved in this process and has already summoned union finance secretary Hasmukh Adhia and other top banking officials.

First Published:Jul 27, 2018 8:42 PM IST

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