(a) whether rupees one thousand crore advances to corporate borrowers have been declared
doubtful by the Punjab National Bank, Mumbai-Corporate Branch;
(b) if so, the details thereof;
(c) whether the bank has initiated any action against them;
(d) if so, the details thereof; and
(e) if not, the reasons therefor?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a) & (b): No, Sir. As on date, the Large Corporate Branch, Mumbai of Punjab National Bank
has only two non-performing loans aggregating to Rs. 52.32 crore, which mainly include the
account of M/s Petronet MHB Ltd. (Public Sector Undertaking) with outstanding of Rs. 49.78
crore.
(c) to (e) : The account of M/s Patronet MHB Ltd. was financed under the consortium arrangement
with nine other Banks and has been restructured under CDR mechanism.