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Parliamentary Panel seeks FinMin report
Context:
Recently, the Parliamentary Standing Committee on Finance has questioned finance ministry officials about the $1.77 billion fraud in the state-owned Punjab National Bank (PNB) and asked them to submit a report on it.
Details:
- The Committee has questioned the recapitalisation process of the state-run banks
- Members of the Committee expressed their concern over such large scale fraud in the Punjab National Bank
About the Committee:
- The committee is headed by senior Congress leader Veerappa Moily
- Former Prime Minister Manmohan Singh is also member.
