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New Delhi: The heads of 11 public sector banks will be present in front of a parliamentary committee next week and will make them aware of rising trapped loans and fraud cases. Sources said that the Standing Committee meeting of the Parliament on Tuesday will be held on Tuesday. The committee, headed by senior Congress leader M Veerappa Moily, is considering the issues of 'Other problems including NPAs in front of the banking sector and banks of the country'.
He said that on 26th June, the officials of IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Arial Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank This committee will appear and answer the questions.
The banking sector of the country is facing the problem of rising non-performing assets (NPAs), which has grown to Rs 8.99 lakh crore or 10.11 per cent of the total advances at the end of December 2017. Public sector banks account for 7.77 lakh crore in this total gross NPA. Similarly, rising cases of fraud have also become a matter of serious concern for the banking sector.