Parliamentary panel calls RBI Governor Urjit Patel to answer queries on bank scams

NEW DELHI: A parliamentary panel has referred to as Reserve Bank Governor Urjit Patel on May 17 to reply to queries on a spate of banking scams unearthed in the previous few months, assets mentioned.

The Standing Committee on Finance, headed by means of veteran Congress leader M Veerappa Moily, on Tuesday raised a number of queries associated with the banking sector with Financial Services Secretary Rajiv Kumar.

"We have invited the RBI Governor on May 17. We will be asking him about the scams and other banking regulations," mentioned a supply.

Former Prime Minister Manmohan Singh, who is member of the Committee, attended the meeting.

Patel had recently mentioned that the RBI doesn't have good enough powers to take care of pubic sector banks.


"We would like to know what kind of powers the RBI Governor needs," any other supply mentioned, including that law is crucial part and that is why the Governor has been referred to as.


The panel, assets mentioned, mentioned a spate of banking scams, each in private and non-private sector banks.


When requested if PNB and ICICI Bank issues figured throughout the meeting, the supply mentioned issues comparable with "all commercial banks, including ICICI Bank" had been mentioned.


The finance ministry officials gave part replies to queries of the lawmakers and they have got been given three weeks time to file a complete file on questions.
Parliamentary panel calls RBI Governor Urjit Patel to answer queries on bank scams Parliamentary panel calls RBI Governor Urjit Patel to answer queries on bank scams Reviewed by kailash soni on April 17, 2018 Rating: 5
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