<p class="bodytext">A parliamentary standing committee on finance will meet Finance ministry officials on Tuesday on stressed assets in the banking sector.</p>.<p class="bodytext">The meeting assumes significance in the wake of recent instances of alleged frauds in the banking sector, especially in Punjab National Bank and the recent rise in non-performing assets in public sector banks.</p>.<p class="bodytext">The NPAs of the state-owned lenders is expected to hit a fresh high in the January-March quarter, rising by Rs 8,000 crore.</p>.<p class="bodytext">The committee led by senior Congress member Veerappa Moily is expected to take stock of the steps taken by the government in this regard.</p>.<p class="bodytext">The committee has had two meetings with the officials in the past two months, after the Punjab National Bank's Rs 13,000 crore fraud came to light.</p>.<p class="bodytext">The government has taken several steps including a close examination of NPA cases above Rs 50 crore and asking managing directors of banks to refer cases to the CBI, after detecting bank frauds and wilful defaults.<br /></p>
<p class="bodytext">A parliamentary standing committee on finance will meet Finance ministry officials on Tuesday on stressed assets in the banking sector.</p>.<p class="bodytext">The meeting assumes significance in the wake of recent instances of alleged frauds in the banking sector, especially in Punjab National Bank and the recent rise in non-performing assets in public sector banks.</p>.<p class="bodytext">The NPAs of the state-owned lenders is expected to hit a fresh high in the January-March quarter, rising by Rs 8,000 crore.</p>.<p class="bodytext">The committee led by senior Congress member Veerappa Moily is expected to take stock of the steps taken by the government in this regard.</p>.<p class="bodytext">The committee has had two meetings with the officials in the past two months, after the Punjab National Bank's Rs 13,000 crore fraud came to light.</p>.<p class="bodytext">The government has taken several steps including a close examination of NPA cases above Rs 50 crore and asking managing directors of banks to refer cases to the CBI, after detecting bank frauds and wilful defaults.<br /></p>