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Nationalised banks' NPAs rose to 2.16 lakh crore in 2013-14

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Press Trust of India Mumbai
The non-performing assets of the nationalised banks increased from Rs 9,190 crore in 2011-2012 to Rs 2,16,739 crore in 2013-2014, according to RBI.

Former journalist Ketan Tirodkar obtained this data from the Central bank under the right to information.

Tirodkar has filed a public interest litigation in the Bombay High Court seeking a CBI investigation into what he terms "an NPA scam".

The court had, in March last year, directed CBI to inform what action it had taken against 140 cases of fraud registered by RBI in connection with the NPAs of nationalised banks.

As the lawyers from RBI and CBI were not present today, the division bench headed by the Chief Justice Mohit Shah adjourned the case to February 12.
 

Tirodkar alleges that the nationalised banks do not comply with the Banking Regulation Act which mandates periodical tendering of audit reports to RBI, so as to suppress the information regarding NPAs and shield the beneficiaries.

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First Published: Jan 29 2015 | 9:00 PM IST

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