Lok Sabha Question No. 2386 (UNSTARRED), answered on 2018-03-09
Subject: Credibility of PSBs
Ministry: FINANCE
Asked by: BHAGWANTH KHUBA

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

## LOK SABHA UNSTARRED QUESTION NO. 2386

TO BE ANSWERED  ON THE 9 TH  MARCH  2018/ PHALGUNA  18, 1939 (SAKA)

## Credibility  of PSBs

## 2386.  SHRI BHAGWANTH  KHUBA:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether   the  Public   Sector   Banks   (PSBs)  are  losing   their   credibility due  to  scams and if so, the details  thereof;
- (b) whether  the bank  employees  are found involved  in such scams; and
- (c)  if so, the details  of amount/banks  involved  in various  such scams?

## ANSWER

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

(a)  to  (c):  The   assessment  of  credit   worthiness   of  credit   institutions is  done  by   credit rating  agencies  registered  and regulated  by  the Securities  and Exchange  Board of India. As per data available  in the public  domain,  all PSBs have investment  grade ratings,  with most of them having  high  ratings  with  high  degree of safety  regarding  timely  servicing  of financial  obligations.

*******

As  per  Reserve   Bank of  India  inputs,   bank-wise   details   of  cases  of  fraud   reported   by PSBs,  involving   an  amount   of  Rs.  1  lakh   and  above,   for  the  financial   year   2016-17, including  the amount  involved  and the number  of cases in which  bank  employees  were involved,  are given  in Annex.

## Lok Sabha USQ No. 2386 for  9.3.2018,  regarding  'Credibility  of PSBs'

## lakh and above, for  the financial year 2016-17

Bank-wise details of cases  of fraud  reported  by PSBs, involving  an amount  of Rs. 1

| Bank                       | No. of cases   | Amountinvolved (in crore Rs.)   |   No. of cases wherein staff is involved |
|----------------------------|----------------|---------------------------------|------------------------------------------|
| AllahabadBank              | 60             | 895.09                          |                                       11 |
| AndhraBank                 | 64             | 245.60                          |                                       10 |
| Bank ofBaroda              | 224            | 1,164.85                        |                                       24 |
| Bank ofIndia               | 162            | 2,774.01                        |                                       15 |
| Bank ofMaharashtra         | 75             | 425.02                          |                                       15 |
| CanaraBank                 | 119            | 610.17                          |                                       25 |
| CentralBankof India        | 146            | 867.86                          |                                       27 |
| Corporation Bank           | 83             | 694.08                          |                                       11 |
| DenaBank                   | 43             | 468.09                          |                                        6 |
| IDBI BankLimited           | 107            | 1,136.84                        |                                        1 |
| IndianBank                 | 79             | 480.23                          |                                        6 |
| IndianOverseasBank         | 95             | 1,372.11                        |                                       27 |
| OrientalBankof Commerce    | 56             | 162.77                          |                                        9 |
| Punjab&SindBank            | 16             | 178.78                          |                                        3 |
| PunjabNationalBank         | 158            | 2,808.27                        |                                       18 |
| StateBank ofBikaner&Jaipur | 38             | 132.87                          |                                        8 |
| StateBank ofHyderabad      | 38             | 112.16                          |                                        9 |
| StateBank ofIndia          | 544            | 2,422.37                        |                                       83 |
| StateBank ofMysore         | 92             | 279.77                          |                                        6 |
| StateBank ofPatiala        | 47             | 35.83                           |                                        6 |
| StateBank ofTravancore     | 44             | 57.09                           |                                        2 |
| SyndicateBank              | 166            | 376.23                          |                                       19 |
| UCOBank                    | 59             | 695.48                          |                                       15 |
| UnionBankof India          | 111            | 920.72                          |                                        4 |
| UnitedBank ofIndia         | 30             | 83.82                           |                                        5 |
| VijayaBank                 | 58             | 132.72                          |                                        8 |
| BharatiyaMahilaBank Ltd.   | 4              | 0.55                            |                                        0 |
| Total                      | 2,658          | 18,638.28                       |                                      373 |

Source:  Reserve  Bank of  India.