NEW DELHI: Finance minister Arun Jaitley on Thursday said that every account named in Panama papers is being probed, but clarified that due process will be followed.“Nobody has ever taken more action than this government has on all foreign account details which have come,” Jaitley said in the Rajya Sabha while replying to a question during the debate on Banking Regulation (Amendment) Bill.The bill was later passed by the Rajya Sabha. It replaces the ordinance promulgated in May to give the Reserve Bank of India powers to deal with non-performing loans. The Panama papers refer to the leak of the database of offshore law firm Mossack Fonseca that revealed many secret offshore accounts.“Every account in Panama has been investigated. We have a rule of law. We do not have a system like our neighbouring countries that you remove first and then have the trial. We first make our own investigations,” the FM said, adding that the government is in touch with countries where these accounts are. Pakistan prime minister Nawaz Sharif had to resign after a quick probe into Panama papers allegedly linked to his family.Jaitley said the investigation is going on in Liechtenstein cases, the HSBC cases and the Panama cases but the government cannot reveal details. The details will become public when cases are filed in courts, he said. Initiating the debate on the bill, he said because of NPAs the capacity of banks to lend to small creditors and support growth is being impacted.The bill empowers the RBI to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016. He lauded the role of the National Company Law Tribunal (NCLT) saying they had moved quite expeditiously in the first month or month-and-a half and government was in discussion with them if they needed more resources.