Lok Sabha Question No. 26 (UNSTARRED), answered on 2017-12-15
Subject: Indradhanush Plan
Ministry: FINANCE
Asked by: GOWDAR MALLIKARJUNAPPA SIDDESHWARA

## GOVERNMENT  OF INDIA MINISTRY  OF FINANCE DEPARTMENT  OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO.26

TO BE ANSWERED  ON THE 15 TH  December  2017/ Agrahayana  24, 1939 (SAKA)

## Indradhanush Plan

## 26.  SHRI G.M.  SIDDESHWARA:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether  the Government  proposes to infuse capital as part  of Indradhanush  Plan to revitalize  State-owned  lenders  and if so, the details  thereof;
- (b) the  capital to  be  given   to  each  bank   for  re-capitalization that   are  burdened   with non-performing  loans;  and
- (c) whether   the  release  of  certain   portion   of  the  funds  is  being  linked   to  the performance  of the Banks and if so, the details  thereof?

## ANSWER

The Minister  of State in the Ministry  of Finance (SHRI SHIV PRATAP  SHUKLA)

- (a) : Yes, sir.  Government  of India proposed  to make  available  Rs. 70,000 crore  out of budgetary  allocations  for infusing  capital  in Public  Sector  Banks  (PSBs). Amounts  of Rs. 25,000 crore  each in the financial  years  2015-16 and 2016-17, and Rs. 10,000 crore  each in financial  years  2017-18 and 2018-19, were  envisaged.
- (b): Government  has so far infused  capital  of Rs. 51,858 crore  in PSBs. Bank-wise  details are in Annex.
- (c):  Government  allocated  a sum of Rs. 22,915 in 13 PSBs during  the FY 2016-17 under first   tranche   of  capital infusion   out   of  which   a  sum  of  Rs.  16,414  (75%)  was  infused upfront  and the remaining  amount  was to be infused based on the performance  of the respective   banks.   None   of  the  banks   could   achieve the  set  targets   and  therefore,   the remaining  25% of the allocated  capital was  not released.

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## Lok Sabha Unstarred  Question  No. 26 for  15.12.2017 regarding  'Indradhanush Plan'

## Details of Capital infused in Public Sector Banks (PSBs) by Government  since financial year 2015-16

(In crore  Rupees)

| S. No.   | Bank                    |   2015-16 |   2016-17 | 2017-18   |
|----------|-------------------------|-----------|-----------|-----------|
| 1        | AllahabadBank           |       973 |    451    | ----      |
| 2        | Andhra Bank             |       378 |   1100    | ----      |
| 3        | Bank ofBaroda           |      1786 |      0    | ----      |
| 4        | Bank ofIndia            |      3605 |   2838    | ----      |
| 5        | Bank ofMaharashtra      |       394 |    300    | ----      |
| 6        | CanaraBank              |       947 |    745.18 | ----      |
| 7        | CentralBank ofIndia     |       535 |   1397    | ----      |
| 8        | Corporation Bank        |       857 |    508    | ----      |
| 9        | DenaBank                |       407 |   1046    | ----      |
| 10       | IndianOverseasBank      |      2009 |   2651    | ----      |
| 11       | OrientalBankof Commerce |       300 |      0    | ----      |
| 12       | PunjabNationalBank      |      1732 |   2112    | ----      |
| 13       | SyndicateBank           |       740 |    776    | ----      |
| 14       | StateBank ofIndia       |      5393 |   5681    | ----      |
| 15       | UCOBank                 |       935 |   1925    | ----      |
| 16       | UnionBank ofIndia       |      1080 |    541    | ----      |
| 17       | UnitedBank ofIndia      |       480 |   1026    | ----      |
| 18       | VijayaBank              |       220 |      0    | ----      |
| 19       | IDBI Bank               |      2229 |   1900    | 1861.00   |
|          | Total                   |     25000 |  24997.2  | 1861.00   |

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