A Parliamentary panel has decided to summon RBI Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation
There is no currency shortage in ATMs; government is monitoring the situation daily, says Arun Jaitley
Finance Minister Arun Jaitley on Wednesday said the currency is in a surplus and the ministry is monitoring the status of ATMs on a daily basis to sort out operational issues.
I am speaking on behalf of the government; it is irrelevant whether I am speaking or somebody else is, Shaktikanta Das told reporters
The gross NPAs of PSBs rose to 6.03 percent at the end of June 2015, as against 5.20 percent in March 2015.
The review will help all the banks find if there is any loophole in the system which need to be plugged, the sources said.
The meeting took place even as China growth slowdown and lingering worries over monsoon tormented markets today when the benchmark BSE Sensex closed below the 25,000-mark for the first time in 15 months, losing 308 points in a day.
Finance ministry is slated to start consultations on 2016-17 Budget with different ministries and government departments from 4 September.