THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a)to(e): The Public Sector Banks and Private Sector Banks as a whole has made profits
during the last three years and in the current year.
The details of loss making State Co-operative Banks (SCBs), District Central Cooperative
Banks (DCCBs), State Cooperative Agriculture and Rural Development Banks (SCARDBs) and Primary
Co-operative Agriculture and Rural Development Banks (PCARDBs) for the last three years are
given below:
(Rs in crore)
Year SCBs DCCBs SCARDBs PCARDBs Total
No Amt No Amt No Amt No Amt No Amt
2008-09 4 68.56 47 242.42 8 349.23 392 369.05 451 1,029.26
2009-10 2 208.06 47 523.92 9 154.86 425 539.15 483 1,425.99
2010-11 2 252.40 36 332.05 7 62.97 270 353.05 315 1,000.47
The Urban Co-operative Banking sector as a whole has made profits during the last two
years i.e. 2009-10 and 2010-11.
The Reserve Bank of India has cancelled the licenses of 75 Urban Co-operative Banks during
the last three financial years in terms of the provisions of Sec 22(4) of the Banking Regulation
Act, 1949. On cancellation of the banking license the depositors of the UCBs are entitled to
receive from the Deposit Insurance and Credit Guarantee Corporation (DICGC) an amount in
accordance with the provisions of the DICGC Act, 1961.
Section 36 to 45 of Banking Regulation Act 1949 deals with appointing of official liquidator
for banking companies, monitor the progress in liquidation proceedings of banks placed in
liquidation and also ensure speedy disposal of winding up proceedings of banks taking into
account the depositors’ interests.
Based on the Vaidyanathan Committee-I recommendations, the Government of India formulated a
Revival Package (RP) aimed at reviving and revitalizing the Short Term Cooperative Credit
Structure (STCCS) to make it a well managed and vibrant medium to serve the credit needs of
rural India, particularly the small and marginal farmers. Under the Revival Package for STCCS,
an amount of Rs.9858.51 crore (Rs.9002.98 crore as Government of India (GoI) share and Rs.
855.53 crore as State Govt. share) has been released as on 30 November 2011 to recapitalize
54728 STCCS entities (54715 PACS and 13 CCBs) in seventeen States to wipe out their accumulated
losses.
