RBI Governor Raghuram Rajan will on November 6 make a presentation on the issue of non-performing assets appear before the Parliament’s Public Accounts Committee.

Rajan will answer queries raised by the members. Revenue Secretary Hasmukh Adhia has also been summoned by the panel to present his views on the issue.

A source in the committee told BusinessLine that the panel was not convinced by the arguments presented by public sector bank chiefs on the bad loans issue. An RBI Deputy Governor had also briefed the committee.

“When ordinary people find it very difficult to get a loan from PSBs, corporate houses find it so easy. When ordinary citizens are haunted by the banks if they fail to pay the amount back in due time, 80 per cent of the NPAs are by corporate houses,” a PAC member said.

He added that the bank chiefs’plea that corporate houses be given more time is not acceptable. “There should be a system . We would like to know from the Governor about the measures taken by the RBI to address this issue,” the member added.

In an earlier meeting of the panel, the bank chiefs had told the MPs that they are looking at NPAs of ₹2.55-lakh crore.

The MPs urged the banks to take quick action against the defaulters. The MPs did not buy the argument of some bank chiefs that publishing the names of the directors and owners of companies with bad loans could hurt investor sentiment.

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