Majlis to Probe CBI Performance

Lawmakers on Sunday decided to look into the performance of the Central Bank of Iran during the past five years. The bank’s seemingly poor performance in regulating the currency market and the questionable activities of shadow banks are among the main motives behind the parliamentary move. 
Moreover, the MPs want to probe the regulator’s performance in implementing monetary and banking laws, bonuses to senior bank officials and the CBI’s failure in oversight and the lending policies of banks, parliamentary news website ICANA reported. 
With respect to unlicensed finance and credit institutions, head of the Majlis Economic Commission Mohammadreza Pourebrahimi says CBI  negligence in overseeing the work of banks and credit institutions encouraged the lenders to pay “unusual” interest on bank deposits.