Lok Sabha Question No. 1749 (UNSTARRED), answered on 2018-07-27
Subject: Privatisation of Public Sector Banks
Ministry: FINANCE
Asked by: RAMACHANDRAN MULLAPPALLY

## GOVERNMENT  OF INDIA

## LOK SABHA

## MINISTRY  OF FINANCE DEPARTMENT  OF FINANCIAL  SERVICES

## UNSTARRED QUESTION NO. 1749

TO BE ANSWERED ON THE 27 TH  JULY 2018/ SHRAVANA  5, 1940  (SAKA) Privatisation  of Public Sector Banks

## 1749.   SHRI MULLAPPALLY  RAMACHANDRAN:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether   the  Government   has  any   proposal   for  privatization of  Public   Sector Banks (PSBs) in the country,  if so, the details  thereof;
- (b) the details  of PSBs that  are running  in loss and the amount  of loss met by  these banks;
- (c) whether  the Government  has considered  any  restructuring plan  for these banks; and
- (d) if so, the details  thereof?

## ANSWER Minister of State in the Ministry  of Finance

## (SHRI SHIV PRATAP  SHUKLA)

- (a): Government  has not proposed  privatisation of PSBs.

***

- (b) to (d): Bank-wise  details  of net profit/loss  of PSBs in the financial  year  2017-18 are at Annex.  Government  has announced  a PSB Reforms  Agenda,  which  has been approved by PSB Boards, which  envisages, inter alia, a Board-approved  strategic  vision  and business focus plan  for five years.

## Lok Sabha  Unstarred  Question  No. 1749, for 27.7.2018 Details of net profit/loss of PSBs in FY 2017-18

Annex

| S. N.   | Bank   | Net profit (amounts with a minus sign   |
|---------|--------|-----------------------------------------|

Amount in  crore  Rs.

|    |                          | are losses) *   | * Whilebankshave posted operating profits,theirnet losses areprimarily on accountof continuing ageingprovisionfor NPAsrecognisedas a result ofAQR initiatedin 2015 and subsequent transparent recognitionbybanks.   |
|----|--------------------------|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  1 | AllahabadBank            | -4,674          |                                                                                                                                                                                                                     |
|  2 | Andhra Bank              | -3,413          |                                                                                                                                                                                                                     |
|  3 | Bank ofBaroda            | -2,432          |                                                                                                                                                                                                                     |
|  4 | Bank ofIndia             | -6,044          |                                                                                                                                                                                                                     |
|  5 | Bank ofMaharashtra       | -1,146          |                                                                                                                                                                                                                     |
|  6 | CanaraBank               | -4,222          |                                                                                                                                                                                                                     |
|  7 | CentralBank ofIndia      | -5,105          |                                                                                                                                                                                                                     |
|  8 | Corporation Bank         | -4,054          |                                                                                                                                                                                                                     |
|  9 | DenaBank                 | -1,923          |                                                                                                                                                                                                                     |
| 10 | IDBI Bank Limited        | -8,238          |                                                                                                                                                                                                                     |
| 11 | IndianBank               | 1,259           |                                                                                                                                                                                                                     |
| 12 | IndianOverseasBank       | -6,299          |                                                                                                                                                                                                                     |
| 13 | OrientalBank of Commerce | -5,872          |                                                                                                                                                                                                                     |
| 14 | Punjab&SindBank          | -744            |                                                                                                                                                                                                                     |
| 15 | PunjabNationalBank       | -12,283         |                                                                                                                                                                                                                     |
| 16 | StateBank ofIndia        | -6,547          |                                                                                                                                                                                                                     |
| 17 | SyndicateBank            | -3,223          |                                                                                                                                                                                                                     |
| 18 | UCOBank                  | -4,436          |                                                                                                                                                                                                                     |
| 19 | UnionBank ofIndia        | -5,247          |                                                                                                                                                                                                                     |
| 20 | UnitedBank ofIndia       | -1,454          |                                                                                                                                                                                                                     |
| 21 | VijayaBank               | 727             |                                                                                                                                                                                                                     |

Sources: Reserve Bank of India