The Majlis on Monday began an investigation into the performance of Iranian banks.
In a letter to 25 banks and credit institutions, the parliamentary committee in charge of the probe ordered CEOs to send financial statements covering their performance over ten years until fiscal March 2022.
According to the letter published by Tasnim News Agency, banks that fail to submit the financial data could face the law.
All banks, including state, semi-private and private as well as credit institutions are the subject of the rare parliamentary probe.
June 07, 2022 13:01
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Majlis Starts Probe Into Performance of Banks
Cumbersome banking rules, poor supervision, bad corporate governance and failure to distribute banking resources fairly across the country and among production sectors of the economy are also issues of concern that will be investigated
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