(a) whether economic slowdown took a heavy toll on some of the financial institutions like IDBI, ICICI, IFCI and IIBI with cumulative loan disbursement falling by 22.4 per cent at Rs.17,878 crore in the last fiscal;
(b) if so, whether these financial institutions have seen drastic fall in loan disbursement since 2000-2001;
(c) if so, the reasons therefor; and
(d) the steps being taken by the Government to improve the position of these financial institutions?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANANDRAO V. ADSUL)
(a): Yes, Sir. There has been a decline in the quantum of loans disbursed by Industrial Development Bank of India (IDBI), IFCI Ltd. and Industrial Investment Bank of India (IIBI). In the case of Small Industries Development Bank of India (SIDBI) and Export Import Bank of India ( EXIM Bank ), disbursements have recorded growth during the last three years. As reported by
Reserve Bank of India, the advances of ICICI Bank as on 31-3-2003 registered an increase of 11.72 % over the previous year(2001-2002).
(b): Details of disbursements of FIs (IDBI, IFCI Ltd., SIDBI, EXIM Bank, IIBI and ICICI Bank )
during the last three years are as follows :
(Rs. in Crores)
Name of the Institution 2000-01 2001-02 2002-03
IDBI 17474 11151 3924 IFCI Ltd. 2144.65 1078.75 1792.81 EXIM Bank 1896.4 3452.9 5320.3 SIDBI 6441 5919 6789 ICICI Bank# 31665 20555 - IIBI 644.20 83 51.52
# ICICI Bank is a Banking Company incorporated under the Banking Regulation Act, 1949 and erstwhile ICICI Ltd., a financial institution, has merged with ICICI Bank with effect from 3.5.2002, the appointed date of the merger being March 30, 2002. Hence, the figures pertaining to erstwhile ICICI are provided only upto 31.12.2001.