FINANCE MINISTER (SHRI P. CHIDAMBARAM)
(a) to (i): A statement is laid on the Table of the House.
STATEMENT FOR LOK SABRA STARRED QUESTION NO. 243 FOR 17TH DECEMBER 2004 REGARDING BANK LOAN DEFAULTERS
TABLED BY SHRI TUKARAM GANPATRAO RENGE PATIL AND SHRI SURAVARAM SUDHAKAR REDDY.
(a) The number of suit filed accounts/amount (bank-wise/institution-wise) in which sum to be recovered
is Rs. 1 crore and above as on 31.03.2004 is at Annexure.
(b) & (c) Loans are written off as a last resort by banks when all efforts to recover loans fail or
as part of settlement with the borrowers. This technical write off of bad loans from the books of Head Offices
helps banks in availing tax benefits. However, Loans continue to remain outstanding in the books of braches and
are pursued for recovery. Writing off is done after due consideration at appropriate levels. This also includes
the review of the role of officials in this activity. Action against the erring employees is taken as per the
norms operative in the banks.
(d) The number of defaulters whose names are appearing in the list publisbed by Reserve Bank of mdia (RBI)/ Credit
mformation Bureau (India) Limited (CIBIL) in respecf of non-payment of loans of Rs. 1 crore and above and wilful
default of Rs. 25 lakhs and above as on 31st March, 2004 are as under:
Item No. of Suit filed accounts
Default of Rs. 1 crore and above 10340
Wilful default of Rs. 25 lakhs and above 2647
(e) & (f) Yes, Sir. RBI has released a report on Trends and Progress of Banking in mdia - 2003-04 and it
is available on RBI`s website i.e. www.rbi.org.in. This publication gives a comprehenSive review of the
performance of commercial banks in India for the financial year 2003-04.
(g) & (h) : The details of NP As of public sector banks in agriculture and small scale sectors as compared to
other priority sectors are as under:
(Rs. in crores)
Sector Gross Percentage of Gross Percentage of NPAs NPAs to gross NPAs NP As to gross NPAs NPAs
31.03.2004 31.03.2003
Priority Sector 23840 46.82 24938 47.23
Agriculture 7240 14.43 7707 14.60
SSI 8838 17.62 10162 19.24
Others 7762 15.4 7069 13.39
(i) Government of India and Reserve Bank of India have stipulated certain steps for recovery of loans which
inter-alia include evolving and implementing a recovery policy by banks, filing of suits in civil courts/DRTs,
compromise settlement and monitoring and follow up of NPAs at various levels. Credit Information Bureau has been
set up to disseminate information on borrowers among the banks. Corporate Debt Restructuring (CDR) scheme has
been put in place to provide a transparent mechanism for restructuring of corporate debts of viable entities
facing problems due to internal and external factors.
Asset Reconstruction Company (India Ltd.) has been incorporated for the purpose of addressing Non-performing Assets.
The recent amendment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security
interest Act, 2002 has further strengthened the recovery process of the Banks.
ANNEXURE SUIT FILED ACCOUNTS RS.l CRORE AND ABOVE AS ON 31sT MARCH, 2004
SL.NO. NATIONALISED BANKS NUMBER RS.IN OF CRORES RECORDS
1 CANARA BANK 478 4275.66
2 BANK OF BARODA 547 3856.14
3 CENTRAL BANK OF INDIA 618 3288.48
4 INDIAN BANK 559 3146.69
5 BANK OF BARODA 515 2486.31
6 PUNJAB NATIONAL BANK 346 2193.56
7 DENA BANK 280 2051.87
8 ALLAHABAD BANK 146 1285.06
9 INDIAN OVERSEAS BANK 163 1103.30
10 ORIENTAL BANK OF COMMERCE 240 1006.39
11 BANK OF MAHARASHTRA 185 938.36
12 VIJAYA BANK 123 638.98
13 UNITED BANK OF INDIA 116 476.80
14 ANDHRA BANK 99 423.62
15 UCO BANK 113 394.86
16, PUNJAB & SIND BANK 166 383.55
17 SYNDICATE BANK 125 361.49
18 CORPORATION BANK 43 360.09
TOTAL 4,862 28671.21
SBI AND ITS ASSOCIATE BANKS
1 STATE BANK OF INDIA 1194 6806.64
2 STATE BANK OF TRAVANCORE 169 106456
3 STATE BANK OF HYDERABAD 162 735.69
4 STATE BANK OF BIKANER & JAIPUR 99 580.14
5 STATE BANK OF MYSORE 77 520.09
6 STATE BANK OF SAURASHTRA 82 378.66
7 STATE BANK OF INDORE 63 341.04
8 STATE BANK OF PATIALA 105 7.29
TOTAL 1,951 10434.11
FINANCIAL INSTITUTIONS
1 IFCI LTD. 668 10778.03
2 INDUSTRIAL INVESTMENT BANK OF INDIA LTD. 232 1282.72
3 EXPORT IMPORT BANK OF INDIA 28 445.59
4 SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA 76 296.07
5 LIFE INSURANCE CORPORATION OF INDIA 19 170.46
6 IDBI (As on Sept. 2003) 891 78.91
TOTAL 1,914 13051.78
FOREIGN BANKS
1 BANK OF TOKYO-MITSUBISHI LTD. 31 506.45
2 STANDARD CHARTERED BANK 33 257.43
3 HONG KONG AND SHANGHAI BANKING CORPORATION LTD. 29 207.48
4 ABN AMRO BANK N.V. 4 196.05
5 CREDIT AGRICOLE INDOSUEZ 14 88.97
6 DEUTSCHE BANK AG 8 81.07
7 STATE BANK OF MAURITIUS LTD. 7 72.25
8 SOCIETE GENERALE 5 40.66
9 ABU DHABI COMMERCIAL BANK 6 35.56
10 CITIBANK NA 5 31.85
11 BANK OF BAHRAIN AND KUWAIT B.S.C. 3 30.42
12 MASHREQ BANK 7 29.03
13 CREDIT LYONNAIS 2 10.41
14 MIZUHO CORPORATE BANK LTD. 1 6.58
15 BANK OF AMERICA 1 1.50
TOTAL 1595.71
PRIVATE SECTOR BANKS
1 ICICI BANKLIMITED 492 3277.65
2 INDUSIND BANK LTD. 117 1498.51
3 UNITED WESTERN BANK LTD. 92 623.61
4 FEDERAL BANK LTD. 61 360.48
5 KARNATAKA BANK LTD. 87 333.63
6 CENTURION BANK LTD. 53 294.58
7 BANK OF RAJASTHAN LTD. 81 279.52
8 SOUTH INDIAN BANK LTD. 54 251.45
9 SBI COMMERCIAL & INTERNATIONAL BANK LTD. 35 201.67
10 ING VYSYA BANK LTD. 18 197.42
11 TAMILNAD MERCANTILE BANK LTD. 48 167.02
12 HDFC BANK LTD. 23 162.27
13 BANK OF PUNJAB LTD. 19 142.43
14 CATHOLIC SYRIAN BANK LTD. 39 133.53
15 DHANALAKSHMI BANK LTD. 36 111.79
16 LAKSHMI VILAS BANK LTD. 32 108.82
17 KARUR VYSYA BANK 26 102.48
18 LORD KRISHNA BANK LTD. 32 96.23
19 DEVELOPMENT CREDIT BANK 36 96.22
20 CITY UNION BANK LTD. 32 89.03
21 UTI BANK LTD. 13 65.59
22 BHARAT OVERSEAS BANK LTD. 16 53.75
23 SANGLI BANK LTD. 13 24.29
24 KOTAK MAHINDRA BANK 1 1.43
25 NAINITAL BANK LTD. 1 1.22
TOTAL 1,457 8674.63
GRAND TOTAL 10340 62427.44
