Lok Sabha Question No. 3000 (UNSTARRED), answered on 2018-01-05
Subject: Corporate Debt Restructure Scheme
Ministry: FINANCE
Asked by: MAULANA BADRUDDIN AJMAL

## GOVERNMENT  OF INDIA

UNSTARRED  QUESTION  NO: 3000

## MINISTRY  OF FINANCE DEPARTMENT  OF FINANCIAL SERVICES LOK SABHA

TO BE ANSWERED  ON THE 05 th  JANUARY, 2018/PAUSHA  15, 1939 (SAKA)

## QUESTION CORPORATE  DEBT RESTRUCTURE SCHEME

## 3000:  SHRI BADRUDDIN AJMAL:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether  banks  are facing huge loss due to big loan  defaulters  causing  bad impact  on the country's  economy;
- (c) the  details   of  individuals/companies that   have  been  benefitted   by   Corporate   Debt Restructure  scheme during  the last five years;
- (b) if  so,  the  details   of  such  individuals/companies which   are  in  default   of  loans   with more than Rs. 100 crore,  bank-wise;
- (d) whether   the  Government   has  come  out  with   guidelines   for  banks   regarding   loan recovery;  and
- (e) if so, the details  thereof?

## 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  Global   operations,   the  Gross  NonPerforming  Assets (GNPAs)  of Scheduled  Commercial  Banks were  Rs. 3,23,464 crore  as on  31.3.2015   and  increased   to  Rs.  7,90,488 crore   as  on  31.3.2017.   Rise  in  GNPAs necessitates   that   banks   make   extra   provisioning as  per  Income  Recognition   and  Asset Classification  norms  of RBI.
- (c) The Corporate  Debt Restructuring (CDR)  framework  offers a timely  and transparent mechanism  for restructuring corporate  debts of viable  entities  facing problems.  As per data from the CDR  Cell,  238 cases under CDR  have been reported  during  the financial years  2012-13 to 2016-17.
- (b)  As  per  data  received   from   Public   Sector   Banks   (PSBs),  the  bank-wise   details   of defaulter   accounts   with   amounts   more   than   Rs.  100  crore   as  on  30.9.2017,   are  at Annexure.
- (d)  and  (e):  As  per  RBI  circular,   each  bank   is  required   to  have  a  loan   recovery   policy which   sets  down   the  manner   of  recovery   of  dues,  targeted   level   of  reduction   (periodwise),   norms   for  permitted   sacrifice/waiver, factors  to  be  taken   into   account   before considering   waivers,   decision   levels,   reporting   to  higher   authorities   and  monitoring   of write-off/waiver  cases.

Annexure

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## Lok Sabha Unstarred  Question  No. 3000,  for  5.1.2018

Non-Performing  Assets (NPAs) with  amount  more than Rs. 100  crore, as on 30.9.2017

|   Sr.No. | Bank                    |   No. of accounts | Amount   |
|----------|-------------------------|-------------------|----------|
|        1 | AllahabadBank           |                66 | 16,604   |
|        2 | AndhraBank              |                54 | 12,870   |
|        3 | Bank ofBaroda           |                81 | 24,174   |
|        4 | Bank ofIndia            |                84 | 25,309   |
|        5 | Bank ofMaharashtra      |                34 | 9,387    |
|        6 | CanaraBank              |                86 | 28,992   |
|        7 | CentralBankof India     |                75 | 22,001   |
|        8 | Corporation Bank        |                62 | 15,572   |
|        9 | DenaBank                |                34 | 6,991    |
|       10 | IDBI BankLtd.           |                75 | 40,816   |
|       11 | IndianBank              |                18 | 5,011    |
|       12 | IndianOverseasBank      |                66 | 18,607   |
|       13 | OrientalBankof Commerce |                68 | 16,935   |
|       14 | Punjaband SindBank      |                18 | 855      |
|       15 | PunjabNationalBank      |               143 | 45,973   |
|       16 | SyndicateBank           |                37 | 10,959   |
|       17 | UCOBank                 |                62 | 16,992   |
|       18 | UnionBankof India       |                79 | 21,426   |
|       19 | UnitedBank ofIndia      |                36 | 8,861    |
|       20 | VijayaBank              |                20 | 4,126    |
|       21 | StateBank ofIndia       |               265 | 77,538   |

Amounts

Source:  Public  Sector  Banks

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in crore  Rupees