BJP lawmaker Nishikant Dubey Tuesday said Indian banks should not adhere to international capital adequacy norms as it is leading to more provisioning of capital and is one of the reason for mounting non-performing assets.
Dubey, who is a member of Parliament's standing committee on finance, said he has raised the issue with the Finance Ministry.
Blaming Basel norms for poor condition of the country's banks, Dubey said,"Basel committee is a private entity and India started implementing its norms during UPA regime. And it is one of the reasons for mounting NPAs."
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