(a) whether certain public Sector and Private Sector Banks are not following the guidelines issued by Reserve Bank of India scrupulously;
(b) if so, the details thereof with the norms of banks;
(c) whether at a given point of time such banks have been punished by RBI/Government for making such a default;
(d) if so, the details thereof; and
(e) if not, the reasons therefore?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANTMAMCKAM)
(a) to (e): Both public and private sector banks are following the guidelines prescribed by Reserve Bank of India (RBI)
from time to time on different aspects of banking/financial dealings. There is a system in place in RBI, which regulates
the functioning of these institutions. RBI regularly conducts Annual Financial Inspections to diagnose violation of
guidelines or any kind of irregularities. RBI takes up these findings with the respective banks, if considered necessary
for corrective action