Question : COMPLAINTS AGAINST PSBs



(a) whether complaints have been received against the public sector banks, in regard to issue of initial public offers (IPOs);

(b) if so, the share prices of Punjab National Bank which were rigged upto 517 just few days before the IPO;

(c) the maximum, minimum and issue price of Punjab National Bank, Oriental Bank of Commerce and Allahabad Bank during 2005;

(d) whether the Government /SEBI has received representation from various quarters in this regard;

(e) if so, the details thereof;

(f) whether SEBI has undertaken any inquiry in this regard; and

(g) if so, the details thereof?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)

(a) to (g) : The information is being collected and will be laid on the Table of the House to the extent available.