(a) whether several public sector banks have suffered huge loss due to their foreign
operations during the last few years;
(b) if so, the details thereof; and
(c) the steps taken/being taken by the Government to restructure and rationalise
the foreign branches of these banks ?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL) :
(a) No, Sir.
(b) Does not arise.
(c) The continuation of the existing overseas branches of Indian Public Sector banks
is reviewed by the banks from time to time having regard to business pros pects and
regulatory aspects.