THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL) :
(a) and (b) The details of loan disabused and Net Non Performing Assets (NPAs) by industrial
Development Bank of India (IDBI), IFCI Ltd., ICICI Ltd., Infrastructure Development
Finance Corporation (IDFC), Exim bank, Industrial Investment Bank of India Ltd. (HBI Ltd.)
for the years 1998-99, 1999-2000 and 2000-2001 are as under :
(Rs.in crores)
Institution Disbursement 1998-99 99-2000 2000-2001 IDBI 14470 17059 17498 IFCILTD. 4829 3272 2121 ICICI LTD. 19225 25836 31965 EXIM BANK 1271 1730 1896 IIBI 1688 1440 1710 (DFC 374 642 762
Net NPAs 1998-99 1999-2000 2000-2001 IDBI 6490 7675 8371 IFCILTD. 4258 4103 3937 ICICI LTD. 3733 3959 2982 EXIM BANK 407 374 407 IIBI 480 641 662 DFC Nil Nil Nil
(c) Recessionary conditions in major industrial sector resulting from excess capacity
creation, increased competition from imports and slowdown in exports affected the recovery
by the Institutions. There are also certain industry/unit specific and management related
problems which has adversely effected the profitability of FIs. Some of the financial
Institutions (FIs) have suffered losses due to bad investment decisions and asset liability
maturity mismatch.
(d) FIs are taking measures like exercising prepay ment option on high cost debt, raising
fresh funds through appropriate iquidity/maturity/cost mix and offering new structured
products. Government is aiso taking various steps in consultation with all concerned to
help the financial institutions who are presently in financial distress to revive them so
that they continue to play their significant role. FIs are also making recovery efforts
through sustained recovery.
