The parliament's committee on estimates, headed by veteran BJP leader Murli Manohar Joshi, was yesterday briefed by senior finance ministry officials, including Hasmukh Adhia and deputy governors of the RBI.
Members of the panel posed a number of questions over the rising non-performing assets (NPAs) and crisis in the banking sector, sources said.
During the meeting, which lasted for more than four hours, the members demanded various documents including minutes of the board meetings of the public sector banks, in which high-ticket value loans were approved.
The investigating agencies have been called as they are probing various cases of NPAs and complaints against senior bank officials related to sanctioning of loans.
The banking sector is grappling with rising non-performing assets, which touched Rs 8.99 lakh crore or
10.11 per cent of total advances at December-end 2017.
Of the gross NPAs, the public sector banks accounted for Rs 7.77 lakh crore.
The rising number of frauds has become a serious cause of concern.
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