(a) whether the State Bank of India is reported to have become overloaded on account of most of the Government funds being released through it;
(b) if so, the reaction of the Government thereto?
(c) whether the Government/Reserve Bank of India(RBI) has any proposal to release Government fund through other nationalized banks;
(d) if so, the details thereof; and
(e) if not, the reasons therefor?
MINISTER OF FINANCE (SH. ARUN JAITLEY)
a): No Sir,
Allocation of Government business to the banks is done on the basis of the request of the concerned Ministry/Department. No instance of any overload on account of Government funds released through State bank of India has been reported by the concerned Ministries/Departments
b): Not applicable in view of above.
c): Governments funds are released through various nationalized banks.
d): List of the Ministries/Departments and their accredited banks is enclosed as per Annexure-A.
e): Not applicable in view of above.