RBI Deputy Governor advises banks to give more information on NPA

New Delhi , Nov 23 (HS): Reserve Bank of India Deputy Governor NS Vishwanathan has advised that banks should give more and more information about loans, frauds, and losses. NS Vishwanathan said that if banks do not disclose them on time, then the risk of taking the risk will decrease. Along with this, he also informed us that new rules are being implemented on corporate governance for banks globally.

Vishwanathan said, “The Basel Committee (where bankers around the world discuss strategies) has a framework on corporate governance, we are working to make it better.” NS Vishwanathan further said that the former Such incidents have occurred in the NPAs of several banks that have been revealed in the inspection of the Reserve Bank. In such a situation, banks have to think beyond the rules of regulatory to take care of their health.

Along with this, banks should give maximum information on NPAs, bad loans, and other parameters.

This statement of the Deputy Governor of RBI has come at a time when the figures of fraud done to banks has been released. Recently, Finance Minister Nirmala Sitharaman has told the House that in just 6 months more than Rs 95,700 crore fraud has been done with banks.

However, the Finance Minister also says that comprehensive measures have been taken to prevent incidents of fraud in banks. Under this, bank accounts of 3.38 lakh inactive companies have been banned. But despite all efforts of the government, non-performing assets (NPAs) of banks are increasing.