-The Hindu Business Line
New Delhi: The Estimates Committee of Parliament has asked the PMO, Coal Ministry and various banks to respond to queries on NPAs emanating from former RBI Governor Raghuram Rajan’s report. The committee is headed by veteran BJP leader Murli Manohar Joshi.
New Delhi: The Estimates Committee of Parliament has asked the PMO, Coal Ministry and various banks to respond to queries on NPAs emanating from former RBI Governor Raghuram Rajan’s report. The committee is headed by veteran BJP leader Murli Manohar Joshi.
Sources in the committee told BusinessLine that the PMO, ministry and lenders have been asked how the NPAs — estimated at ?9 lakh crore — piled up over the years, what was done to contain them and, most importantly, who should be controlling bank credit.
The committee reportedly also wants the PMO to explain what action the government has taken on a list of large corporate houses that have amassed NPAs. The list was part of Rajan’s submissions to the committee.
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