Lok Sabha Question No. 654 (UNSTARRED), answered on 2016-11-18
Subject: Bank Investments in Stock Market
Ministry: FINANCE
Asked by: LAXMI NARAYAN YADAV, LAXMAN GILUWA

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

## LOK SABHA UNSTARRED QUESTION NO. +654

TO BE ANSWERED ON THE November; 2016/ Kartika 27 , 1938 (SAKA) 18th

## Bank Investments in Stock Market

## QUESTION

## t654. SHRI LAXMI NARAYAN YADAV: SHRI LAXMAN GILUWA:

Will the Minister of FINANCE be pleased to state:

- (a) whether the nationalised banks   suffered  losses after  making investments in Mutual Fund and Stock Market;
- (b) if so, the details thereof during the last three years, bank-wise;
- (c) whether the Government has conducted any inquiry in this regard; and
- (d) the remedial steps taken by the Government in this regard?

## ANSWER

The Minister of State in the Ministry of Finance

## (SHRI SANTOSH KUMAR GANGWAR)

(a) to (d): Public Sector Banks take investment decision as per their board approved investment policy. The gain/loss suffered on investments are reported to the board and included in the annual financial result. The available data on Net ProfitlLoss (PAT) reported by PSBs during last three financial year is given in the Annexure.

*#*****

Lok Sabha USQ No.+654 dated November, 2016 regarding "Bank Investments in Stock Market"\_ 18t

## Data of PSBs on Net Profitl Loss Rscrore

| Sr: No.   | Bank Name                      | Net Profit / Loss Jduring FY 2013-14   | Net Profit / Loss )during FY 2014-15   | Net Profit / Loss Jduring FY 2015-16   |
|-----------|--------------------------------|----------------------------------------|----------------------------------------|----------------------------------------|
|           | Allahabad Bank                 | 1172                                   | 621                                    |                                        |
| 2         | Andhra Bank                    | 436                                    | 638                                    | 540                                    |
| 3         | Bank of Baroda                 | 4,541                                  | 3,398                                  | 55,396                                 |
| 4         | Bank of India                  | 2,729                                  | 1,709                                  | -6,089                                 |
| 5         | Bank of_Maharashtra            | 386                                    | 451                                    | 101                                    |
|           | Bharatiya Mahila Bank Ltd      | 12                                     | 20                                     | 2                                      |
|           | Canara Bank                    | 2,438                                  | 2,703                                  |                                        |
| 8         | Central Bank of India          | -1,263                                 | 606                                    | -1,418                                 |
| 9         | Corporation Bank               | 562                                    | 584                                    | 5506                                   |
| 10        | Dena Bank                      | 552                                    | 265                                    | -935                                   |
| 11        | IDBI Bank Limited              | 1121                                   | 873                                    | 33,665                                 |
| 12        | Indian Bank                    | 1,459                                  | 1,005                                  | 711                                    |
| 13        | Indian Overseas Bank           | 602                                    | 454                                    | -2,897                                 |
| 14        | Oriental Bank of Commerce      | 1,139                                  | 778                                    | 156                                    |
| 15        | Punjab & Sind Bank             | 301                                    | 121                                    | 336                                    |
| 16        | Punjab National Bank           | 3,343                                  | 3,062                                  | 3,974                                  |
| 17        | Syndicate Bank                 | 1,711                                  | 1,523                                  | -1,643                                 |
| 18        | UCO Bank                       | 1,511                                  | 1,138                                  |                                        |
| 19        | Union Bank of India            | 1,696                                  | 1,782                                  | 1,352                                  |
| 20        | United Bank of India           |                                        | 256                                    | -282                                   |
| 21        | Vijaya Bank                    | 416                                    | 439                                    | 382                                    |
| 22        | State Bank of Bikaner & Jaipur | 732                                    | 777                                    | 851                                    |
| 23        | State Bank of Hyderabad        | 1,020                                  |                                        | 1,065                                  |
| 24        | State Bank of India            | 10,891                                 | 13.102                                 | 9,951                                  |
| 25        | State Bank of Mysore           | 274                                    | 409                                    | 358                                    |
| 26        | State Bank of Patiala          | 448                                    | 362                                    | -972                                   |
| 27        | State Bank of Travancore_      | 304                                    | 339                                    | 338                                    |
| 28        | Public Sector Banks            | 37,019                                 | 37,823                                 | -17,993                                |