Reserve Bank of India (RI) Urjit Patel on Tuesday appeared before Parliamentary Standing Committee headed by Veerappa Moily. Meanwhile, the Standing Committee has asked questions on issues related to the issues raised by Neerav Modi-Punjab National Bank fraud, rising bank loans of banks and notebooks after the ban was withdrawn by the Standing Committee. It is known that diamond trader Nirvav Modi is being run away from Punjab National Bank by fraudulent Rs 13,000 crore.
The members of the committee asked the RBI governor how did not know about the scam. In addition, the committee also discussed increasing NPAs in banks. On this, Patel told the Standing Committee that steps have been taken to resolve the banking sector’s NPA crisis.
Let’s say that this is not the first time that Urjit Patel is present in front of the Parliamentary Committee. Even before this, he had to face the committee’s questions several times. It is notable that in order to discuss these issues, the committee had asked Upjit Patel to appear before it on May 17.
It is worth mentioning that on November 8, 2016, Prime Minister Narendra Modi had announced a banquet annually. PN had announced the closure of 500 and 1000 rupees notes. After this the parliamentary committee was formed.