NEW DELHI: The govt on Friday said action has been taken in opposition to more than 6,000 officers of nationalised banks closing fiscal in instances of lapses that resulted in dangerous loans.
In written answer, finance minister Arun Jaitley said that minor and major penalties were imposed in opposition to erring officers. These come with, dismissal, obligatory retirement and demotion.
"As per the inputs received from nationalised banks, in FY 2017-18, 6,049 officers have been held responsible on account of staff delinquency in NPA accounts...," Jaitley said.
Depending upon the gravity of lapses, the minister said "minor penalty/ major penalty have been imposed against erring officials" and in all the instances, depending upon the quantity involved, CBI and police lawsuits were lodged.
The 19 nationalised banks, including PNB and Canara Bank, reported a net lack of Rs 21,388 crore in the first half of the fiscal. This compares with a combined loss Rs 6,861 crore in the identical duration of 2017-18.
Meanwhile, minister of state for finance Shiv Pratap Shukla said that no mortgage account of state-owned banks with remarkable of over Rs 25 crore has been "declared as evergreen" since June 2014.
In any other written reply to the lower House, Shukla said as a result of clear reputation of dangerous loans, the non-performing asset (NPA) amount of all industrial banks rose from Rs 5.66 lakh crore at end-March 2016 to Rs 9.62 lakh crore at end of March 2018.
Since then the quantity has declined to Rs 9.43 lakh crore.
He further said the public sector banks have reported a "record recovery" of Rs 60,713 crore in the first half of the current monetary year.
This, he said, was once double the quantity recovered by them all the way through corresponding duration of the closing monetary year.
In written answer, finance minister Arun Jaitley said that minor and major penalties were imposed in opposition to erring officers. These come with, dismissal, obligatory retirement and demotion.
"As per the inputs received from nationalised banks, in FY 2017-18, 6,049 officers have been held responsible on account of staff delinquency in NPA accounts...," Jaitley said.
Depending upon the gravity of lapses, the minister said "minor penalty/ major penalty have been imposed against erring officials" and in all the instances, depending upon the quantity involved, CBI and police lawsuits were lodged.
The 19 nationalised banks, including PNB and Canara Bank, reported a net lack of Rs 21,388 crore in the first half of the fiscal. This compares with a combined loss Rs 6,861 crore in the identical duration of 2017-18.
Meanwhile, minister of state for finance Shiv Pratap Shukla said that no mortgage account of state-owned banks with remarkable of over Rs 25 crore has been "declared as evergreen" since June 2014.
In any other written reply to the lower House, Shukla said as a result of clear reputation of dangerous loans, the non-performing asset (NPA) amount of all industrial banks rose from Rs 5.66 lakh crore at end-March 2016 to Rs 9.62 lakh crore at end of March 2018.
Since then the quantity has declined to Rs 9.43 lakh crore.
He further said the public sector banks have reported a "record recovery" of Rs 60,713 crore in the first half of the current monetary year.
This, he said, was once double the quantity recovered by them all the way through corresponding duration of the closing monetary year.
Over 6,000 officers of PSU banks held responsible for bad loans in FY18: Jaitley
![Over 6,000 officers of PSU banks held responsible for bad loans in FY18: Jaitley]()
Reviewed by Kailash
on
December 28, 2018
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