Ad
FreeCurrencyRates.com

इंडियन आवाज़     18 Oct 2018 09:26:22      انڈین آواز
Ad

RBI seeks more powers to oversee PSBs in view of bad loans

RBI Urjit patel
Our Correspondent AMN / NEW DELHI

The Reserve Bank needs more powers to oversee Public Sector Banks (PSBs) amid bad loans in state-run lenders. This was stated by RBI Governor Urjit Patel when he appeared before Parliamentary Standing Committee of Finance here today.

During the meeting, sources said, the governor faced tough questions from lawmakers on bad loans, bank frauds, cash crunch and other issues.

Sources said, Mr Patel assured the members that steps are being taken to strengthen the system. He told the panel that the RBI has inadequate control over PSBs.

Mr. Patel also answered queries regarding the recent fraud allegedly committed by absconding jewellers Nirav Modi and his associates in the Punjab National Bank.

He told the panel that steps were being taken to strengthen the banking system. On NPA situation, Mr. Patel expressed confidence that the RBI will be able to tide over the crisis.

Leave a Reply

Your email address will not be published. Required fields are marked *

Ad
Ad
Ad

MARQUEE

3000-year-old relics found in Saudi Arabia

Jarash, near Abha in saudi Arabia is among the most important archaeological sites in Asir province Excavat ...

Instagram co-founders quit

WEB DESK The 2 co-founders of Instagram have resigned, reportedly over differences in management policy with ...

Ad

@Powered By: Logicsart