Lok Sabha Question No. 2066 (UNSTARRED), answered on 2017-12-29
Subject: Insolvency and Bankruptcy Code
Ministry: FINANCE
Asked by: PRITAM GOPINATH MUNDE, VINAYAK BHAURAO RAUT, Shrirang Appa Barne, SHRIKANT EKNATH SHINDE, KUNWAR PUSHPENDRA SINGH CHANDEL, SHIVAJI ADHALRAO PATIL, DHARMENDRA YADAV

## 2066:

## GOVERNMENT  OF INDIA

LOK SABHA

## MINISTRY OF FINANCE DEPARTMENT  OF FINANCIAL SERVICES

UNSTARRED  QUESTION  NO: 2066

TO BE ANSWERED  ON THE 29 th  DECEMBER,  2017/PAUSHA  08, 1939 (SAKA)

## QUESTION INSOLVENCY  AND BANRUPTCY  CODE

DR. PRITAM GOPINATH  MUNDE: SHRI VINAYAK  BHAURAO  RAUT: SHRI SHRIRANG  APPA  BARNE: DR. SHRIKANT  EKNATH SHINDE: SHRI  KUNWAR PUSHPENDRA  SINGH CHANDEL: SHRI ADHALRAO  PATIL SHIVAJIRAO:

SHRI DHARMENDRA  YADAV:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether  the Gross Non-Performing  Assets (NPAs)  of the Public  Sector Banks (PSBs) has risen significantly during  the last three  years, if  so, the  details  thereof;
- (c) whether  the borrowers  have a very  comfortable  environment  and the lenders  are actually  facing the heat,  if so, the  details  thereof;
- (b) whether   the  rise in  gross  NPAs   of  PSBs  is  due  mainly   by   wilful   defaulters,   if  so,  the  total outstanding  loans by  wilful  defaulters  during  the last three  years and  the current  year,  bank-wise;
- (d) the action  taken  by  the Government  against  the wilful  defaulters;
- (f) if so, the details  of the recommendations made and  the action  taken  by  the Government  thereto?
- (e) whether  the Government  has formed  14-members  Committee  to take  stock  of the functioning and implementation of Insolvency  and Bankruptcy Code (IBC); and

## ANSWER

## To be answered by THE MINISTER  OF STATE  IN THE MINISTRY OF FINANCE (SHIV PRATAP  SHUKLA)

- (a)  As per  Reserve  Bank  of India (RBI) data on domestic  operations,  Gross Non  Performing  Assets of Public   Sector   Banks   (PSBs),  were   Rs.  2,16,739 crore   as  on  31.3.2014, and  increased   to  Rs.  6,89,806 crore  as on 30.9.2017.
- Bank-wise  details  of wilful  defaulters  and action  taken  in their  respect  by  Public  Sector  Banks  (PSBs), are at  Annexure.
- (b)  to  (d):  As  per  RBI  instructions, banks   and  financial   institutions are  required   to  report   wilful defaulter   accounts   of  Rs.  25  lakh   and  above  to  Credit   Information   Companies Vide circular   dated 29.9.2016,  RBI has provided  a mechanism  to publish  photographs  of wilful  defaulters  in newspapers  as per Board-approved  policy  of the financial  institution  concerned.
- (e) and (f): Government  has formed a 14-member committee  to identify  the issues that  may impact the efficiency  of the corporate  insolvency  resolution  and liquidation framework  prescribed  under the Insolvency   and  Bankruptcy Code  and  make suitable   recommendations to  address  such  issues  to enhance efficiency of the processes prescribed for effective implementation of the Code. Recommendations  of the committee  have not been submitted  yet.

## Lok Sabha  Unstarred  Question  No. 2066,  for  29.12.2017

## Data on Wilful  Defaulters  (as on 30.9.2017)

| Bank Name               | Wilfuldefaulters   | Wilfuldefaulters   | Actiontaken againstwilfuldefaulters   | Actiontaken againstwilfuldefaulters   | Actiontaken againstwilfuldefaulters   | Actiontaken againstwilfuldefaulters   | Actiontaken againstwilfuldefaulters   | Actiontaken againstwilfuldefaulters   |
|-------------------------|--------------------|--------------------|---------------------------------------|---------------------------------------|---------------------------------------|---------------------------------------|---------------------------------------|---------------------------------------|
|                         |                    |                    | Suit filed                            | Suit filed                            | FIR filed                             | FIR filed                             | Actionunder SARFAESI Act* initiated   | Actionunder SARFAESI Act* initiated   |
|                         | No.                | Amount             | No.                                   | Amount                                | No.                                   | Amount                                | No.                                   | Amount                                |
| AllahabadBank           | 121                | 1,908              | 103                                   | 1,882                                 | 34                                    | 762                                   | 106                                   | 1,876                                 |
| Andhra Bank             | 408                | 3,946              | 371                                   | 3,887                                 | 169                                   | 1,285                                 | 354                                   | 3,822                                 |
| Bank ofBaroda           | 255                | 5,595              | 253                                   | 5,338                                 | 145                                   | 2,985                                 | 216                                   | 5,269                                 |
| Bank ofIndia            | 396                | 4,738              | 316                                   | 4,591                                 | 41                                    | 1,169                                 | 183                                   | 2,479                                 |
| Bank ofMaharashtra      | 104                | 863                | 104                                   | 863                                   | 68                                    | 682                                   | 75                                    | 768                                   |
| CanaraBank              | 605                | 3,697              | 605                                   | 3,697                                 | 339                                   | 2,869                                 | 445                                   | 3,318                                 |
| CentralBank ofIndia     | 748                | 4,891              | 654                                   | 3,994                                 | 54                                    | 2,404                                 | 715                                   | 3,714                                 |
| Corporation Bank        | 123                | 2,225              | 111                                   | 2,204                                 | 24                                    | 518                                   | 42                                    | 919                                   |
| DenaBank                | 185                | 1,529              | 172                                   | 1,516                                 | 23                                    | 488                                   | 122                                   | 1,289                                 |
| IDBI Bank Limited       | 73                 | 3,104              | 73                                    | 3,104                                 | 10                                    | 1,535                                 | 32                                    | 2,562                                 |
| IndianBank              | 67                 | 1,077              | 67                                    | 1,077                                 | 49                                    | 775                                   | 51                                    | 966                                   |
| IndianOverseasBank      | 524                | 4,262              | 515                                   | 4,200                                 | 31                                    | 793                                   | 100                                   | 2,169                                 |
| OrientalBankof Commerce | 431                | 4,284              | 420                                   | 4,245                                 | 86                                    | 1,551                                 | 285                                   | 3,489                                 |
| Punjab&SindBank         | 27                 | 286                | 27                                    | 391                                   | 13                                    | 195                                   | 18                                    | 332                                   |
| PunjabNationalBank      | 1,073              | 14,245             | 1,007                                 | 12,232                                | 315                                   | 6,556                                 | 885                                   | 13,403                                |
| SyndicateBank           | 200                | 1,101              | 172                                   | 1,089                                 | 115                                   | 108                                   | 85                                    | 468                                   |
| UCOBank                 | 651                | 5,654              | 513                                   | 5,500                                 | 113                                   | 2,980                                 | 496                                   | 5,301                                 |
| UnionBank ofIndia       | 823                | 5,003              | 771                                   | 4,750                                 | 87                                    | 926                                   | 737                                   | 4,548                                 |
| UnitedBank ofIndia      | 398                | 1,829              | 388                                   | 1,471                                 | 142                                   | 812                                   | 227                                   | 1,056                                 |
| VijayaBank              | 134                | 3,537              | 115                                   | 1,638                                 | 50                                    | 938                                   | 84                                    | 1,895                                 |
| StateBank ofIndia       | 1,679              | 27,814             | 1,666                                 | 27,717                                | 60                                    | 1,477                                 | 1,679                                 | 27,814                                |
| Total                   | 9,025              | 1,01,587           | 8,423                                 | 95,384                                | 1,968                                 | 31,807                                | 6,937                                 | 87,458                                |

Amounts

*Securitisation and Reconstruction of Financial  Assets and Enforcement  of Security  Interest  Act,  2002

Source: Banks in crore Rupees