GOVERNMENT OF INDIA Ministry of Finance DEPARTMENT OF FINANCIAL SERVICES
RAJYA SABHA UNSTARRED QUESTION NO. 29 TO BE ANSWERED ON THE 9th NOVEMBER, 2010/ KARTIKA 18, 1932 (SAKA) Report of Committee on NPAs of Banks Question
29. SHRI RAJEEV CHANDRASEKHAR: Will the Minister of FINANCE be pleased to state:
ANSWER The Minsiter of State in the Ministry of Finance (Shri Namo Narain Meena)
(a)& (b): The Government had constituted a Committee of Experts under the Chairmanship of Shri Vepa Kamesan, Ex- Deputy Governor of Reserve Bank of India with following terms of reference:(c)& (d): Yes, Sir. The Committee submitted its report in April, 2009. The Committee, inter- alia, recommended various measures for making SFIO more effective in containing corporate frauds.