Parliamentary panel examining NPAs of public sector banks: K.V. Thomas1 min read . Updated: 30 Apr 2016, 01:40 AM IST
Chairman of the public accounts committee K.V. Thomas says the committee is suo motu looking into bad loans of PSBs
New Delhi: Worried over rising bad loans, a parliamentary panel has suo motu decided to examine the non-performing assets (NPAs) of public sector banks (PSBs) that touched ₹ 3.61 trillion at the end of December 2015.
“We examined chairpersons of the PSBs as well as governor of Reserve Bank (Raghuram Rajan)," chairman of the public accounts committee (PAC) K.V. Thomas told reporters on Friday.
He said apart from the Comptroller and Auditor General of India’s reports, the PAC also selected certain subjects “suo motu", including one on the NPAs of public sector banks.
“Now we have received the reply from the governor of the RBI a few days back and that will be further examined," Thomas said adding.
“It is on the basis of our observations, government appointed a high powered committee to study about the NPA," he added.