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155 Written Answers DECEMBER 6,1991 Written Answers 156 S.A/0.

Name of Centre No.

of branches S.No.

Name of Centre No, of branches 1.

2.

3.

4.

5.

6.

7.

8.

9.

Akhada Balapur Aundha Naganath Basuigaon Basamba Basmath Bori Daithana Deogaon Doulgaon Gath 10.

Dongarkada 11.

12.

Gangakhed Goregaon 13.

Hindgoli 14.

Isad 15.

Jamb 16.

Jawala Bazar 17.

Jinture 18.

Kalamnuri 19.

Manwath 20.

Palam 21.

ParbhanI 22.

Pathrj 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 3 23.

Puma 24.

Sailu 25.

Sakhara 26.


Sonpeth 27.

Takii Kumbhkarna 28.

Zari 2 3 1 1 1 1 Total 48 (b) to (d).

Under the extant poficy of Reserve Bank of India (RBI) for opening of branches in rural areas, the list of kientified centres with necessary partk:ulars in each distrrct has to be given to the lead bank of that district.
The Lead Bank after consolkiat- ing the lists received from all banks submits it to the Distrkit Collector for recommenda­ tions andonwardtransmissbnto RBIthrough the concemed State Govemment.

Under the Branch Lk:enslng Poricy (1990-95), opening of branches of Publk: Sector Banks is a continuous process and hence it is not pos­ sible to project the number of branches that will beopenedthisyear in the backward rural areas of Maharashtra PherwanI Committee Report on New Financial Instruments 2559.
SHRI SHIV SHARAN VERMA: Will the Minister of FINANCE be pleased to state: (a) whether the Pherwani Committee constituted to formulate the gukJelines for new financial instruments such as non-vot­ ing share, zero coupon bonds and warrents.
has submitted its report to the Govemment; (b) if so, the details thereof; and 157 VMton Answers AGRAHAYANA 15.1913 (&4K4) Writan Answers 158 (c) the steps being taken by the Gov­ (a) the criteria for opening branches of insurawQ companies; new ernment to impiementthe recommendations of the Committee?

THE MINISTER O F STATE IN THE MINISTRY O F FINANCE (SHRIRAMESH- WAR TT1AKUR): (a) and (b).

A Study Group constituted by this Mnistty in March, 1991 under the chairmanship of Sh.

M J .
M J .

Pher- wani has recommended the following dal instruments for consideration.

(i) Non-Voting Shares (ii) Detacheable Equity Coupons/ Warrants.

(b) whether there is any proposal to.

open new branches of Insurance Compa­ nies in Andhra Pradesh during the 1991-92; and (c) if so.

the details thereof, district- wise?


THE MINISTER OF STATE IN THE MINISTRY O F FINANCE (SHRI DALBIR SINGH): (a) Population, potentiality d the area together with viability are the main criteria for opening of new offices of insur­ ance Companies.

(m) Participating Preference Shares (b) Yes.

Sir.


(iv) Partidpattng Debentures (v) Convertible Debentures with Op­ tions (vi) ThirdPattyConvettibelDebentures (vii) Mortgage Badted Securfties (vifi) Convertible Debentures redeem­ able at premium fix) Debt for Equity Swap (x) Zero Coupon Convertble Bonds (c) During 1991-92, new branch offices in the districts of fUuigareddy, Hyderabad, Mehboob Nagar, Vijayawada and Ni- zamabadliy the subsidiaries of the GIC, are being proposed.
[TranslatmiH Fraud Cases In Banics 2561.

SHRI JANARDAN MISRA: Will the Minister of FINANCE pleased to state: (a) whether a number of gangs commit­ ting frauds w»h banks have been klentified during the last three months; (c) It is too early to indicate the steps since dedsions on the recommendations have not yet been taken.

(b) if so.
(b) if so.

the details thereof; (c) the States in whch these gsmgs [Bngtoft] were active; and Openig of New Branches of Insurance Companies in Andhra Pftdesli (d) the actnn so far taken by the Gov­ ernment against these gangs?

2560.

PROF. UMMAREDDY VE- NKATESHWARLU: WiN the Minister of FI­ NANCE be pleased to state: THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI DAtBR SINGH): (a) to (d).

Resenre Bank of India