Lok Sabha Question No. 3319 (UNSTARRED), answered on 2015-12-18
Subject: Attachment of Property of Defaulters
Ministry: FINANCE
Asked by: LAXMAN GILUWA, SAKUNTALA LAGURI

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

## LOK SABHA

## UNSTARRED QUESTION NO †3319

TO BE ANSWERED ON THE 18 th DECEMBER, 2015/ AGRAHAYANA 27, 1937 (SAKA)

## ATTACHMENT OF PROPERTY OF DEFAULTERS

†3319: SHRI LAXMAN GILUWA AND SHRIMATI SAKUNTALA LAGURI.

Will the Minister of FINANCE be pleased to state:

- (a) whether Public Sector Banks (PSBs) are permitted to attach property of loan defaulters;
- (b) if so, the details thereof;
- (c) the number of defaulters whose properties were attached during the last three years and the current year, bank and State-wise;
- (d) the value of the properties thus attached by the banks, bank and State-wise; and
- (e) the steps taken/being taken by the Government to make such provisions and their implementation more effective?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)

- (a) to (e): The Public Sector Banks (PSBs) have been empowered under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 to take possession and auction of securities without intervention of the courts or tribunals. The details as maintained are at Annex.

The Security Interest (Enforcement) Rules, 2002 have already been framed to make such provisions and their implementation more effective. The Act has also been amended in 2013 to strengthen it further.

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| ANNEX TO LOK SABHA QNNO. 3319 FOR 18.12.2015                    | ANNEX TO LOK SABHA QNNO. 3319 FOR 18.12.2015                    | ANNEX TO LOK SABHA QNNO. 3319 FOR 18.12.2015                    | ANNEX TO LOK SABHA QNNO. 3319 FOR 18.12.2015                    |
|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|
| AUCTION OF SECURITIES UNDER SARFAESI ACT, 2002 AS ON 30.09.2015 | AUCTION OF SECURITIES UNDER SARFAESI ACT, 2002 AS ON 30.09.2015 | AUCTION OF SECURITIES UNDER SARFAESI ACT, 2002 AS ON 30.09.2015 | AUCTION OF SECURITIES UNDER SARFAESI ACT, 2002 AS ON 30.09.2015 |
| NAME OF BANK                                                    | TOTAL AUCTIONS                                                  | NO. OF SUCCESSFUL AUCTION                                       | AMOUNT RECOVERED (Rs. in Crore)                                 |
| NAME OF BANK                                                    | 1                                                               | 2                                                               | 3                                                               |
| Allahabad Bank                                                  | 4333                                                            | 1726                                                            | 485.73                                                          |
| Andhra Bank                                                     | 2164                                                            | 1121                                                            | 923.48                                                          |
| Bank of Baroda                                                  | 298                                                             | 85                                                              | 62.72                                                           |
| Bank of India                                                   | 301                                                             | 55                                                              | 24.76                                                           |
| Bank of Maharashtra                                             | 658                                                             | 65                                                              | 29.44                                                           |
| Canara Bank                                                     | 923                                                             | 53                                                              | 1244.11                                                         |
| Central Bank of India                                           | 871                                                             | 90                                                              | 52.33                                                           |
| Corporation Bank                                                | 277                                                             | 152                                                             | 318.03                                                          |
| Dena Bank                                                       | 102                                                             | 30                                                              | 8.74                                                            |
| IDBI Bank Limited                                               | 1385                                                            | 512                                                             | 471.65                                                          |
| Indian Bank                                                     | 1841                                                            | 205                                                             | 166.86                                                          |
| Indian Overseas Bank                                            | 75                                                              | 22                                                              | 30.18                                                           |
| Oriental Bank of Commerce                                       | 629                                                             | 93                                                              | 61.30                                                           |
| Punjab& Sind Bank                                               | 88                                                              | 13                                                              | 30.30                                                           |
| Punjab National Bank                                            | 1849                                                            | 256                                                             | 235.02                                                          |
| Syndicate Bank                                                  | 1719                                                            | 842                                                             | 312.29                                                          |
| UCO Bank                                                        | 273                                                             | 64                                                              | 9.72                                                            |
| Union Bank of India                                             | 217                                                             | 33                                                              | 36.81                                                           |
| United Bank of India                                            | 98                                                              | 19                                                              | 5.63                                                            |
| Vijaya Bank                                                     | 87                                                              | 15                                                              | 34.98                                                           |
| State Bank of Bikaner &Jaipur                                   | 62                                                              | 37                                                              | 41.15                                                           |
| State Bank of Hyderabad                                         | 255                                                             | 41                                                              | 20.23                                                           |
| State Bank of India                                             | 2431                                                            | 610                                                             | 413                                                             |
| State Bank of Mysore                                            | 550                                                             | 385                                                             | 94.7                                                            |
| State Bank of Patiala                                           | 278                                                             | 27                                                              | 167.65                                                          |
| State Bank of Travancore                                        | 131                                                             | 40                                                              | 2.65                                                            |
| Public Sector Banks                                             | 21895                                                           | 6591                                                            | 5283.46                                                         |