THE MINISTER OF STATE IN THE MINISTRY OF FINANCE AND COMPANY AFFAIRS
(SHRI ANANDRAO VITHOBA ADSUL):
(a) National Bank for Agriculture and Rural Development (NABARD) has reported that as per
available information, none of the 38 District Central Co operative Banks in Madhya Pradesh
has been declared as bankrupt.
(b) to (d) NABARD has reported that during December 2002, Madhya Pradesh State Co-operative
Bank had detected two fraud cases involvtng an amount of Rs. 9.80 lakh in its two branches.
In another case, the bank had filed a case against one of its borrowers for committing a fraud
of Rs. 13.10 lakh. The bank had conducted detailed investigations into the fraud cases. On the
basis of its findings, the bank has initiated disciplinary action and criminal proceedings
against the officials/party concerned.