Question : OTS SCHEME IN PNB



(a) whether Punjab National Bank has given powers to its zonal managers to recover non-performing assets under a new one time settlement scheme;

(b) if so, the main features of the scheme;

(c) whether this scheme is proposed to be introduced in other banks also; and

(d) if so, the details thereof ?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANANDRAO V. ADSUL)

(a): Yes, Sir.

(b),(c)&(d): A copy of Reserve Bank of India`s guidelines on the subject applicable to all Public Sector Banks is enclosed.