MINISTER OF FINANCE & COMPANY AFFAIRS (SHRI JASWANT SINGH)
(a),(b),(c) & (d): A Statement is placed on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO PARTS (a), (b), (c) AND (d) OF LOK SABHA STARRED QUESTION
NO. 72 FOR 22 NOVEMBER 2002 REGARDING PUBLIC MONEY LOCKED UP IN LITIGATIONS
BY SHRI MOHAN RAWALE AND DR. MANDA JAGANNATH.
(a) & (b): The amount involved in cases pending in the Debt Recovery Tribunals (DRTs)
as on 30th June, 2002 is Rs.1,02,201.70 crores. The amount involved in cases pending in the
Lok Adalats as on 31st March, 2002 is Rs.600.29 crores. Financial institution-wise details
in this regard are not available. Bank-wise details are given in Annexure I & II.
(c) The recoveries against Non Performing Assets (NPAs) including cash
recovery/upgradation/write-off/compromise made by the Public Sector Banks during the last
three years are as under:
Year ending 31st March Amount (in crores)
2000 10369 2001 13629 2002 13833
(d) Government of India and RBI have advised the Banks and Financial Institutions to
take several steps for recovery of dues such as evolving and the implementation of recovery
policy by banks, compromise settlement through Settlement Advisory Committees and filing of
suits ih Debt Recovery Tribunals (DRTs). Banks have also been advised to use the forum of
Lok Adalat for compromise settlements. RBI in July 2000 had also introduced non-discretionary
and non-discriminatory One Time Settlement Scheme for NPAs upto Rs. 5 crore.
Credit Information Bureau has been set up to disseminate information on borrowers to
the Banks. Corporate Debt Restructuring (COR) scheme has been put in place to provide a
transparent mechanism for restructuring of corporate debts to viable entities facing problems
due to internal and external factors. Further, to facilitate foreclosures and enforcement
of securities in cases of default and to enable the banks and financial institutions to
realize their dues, `The Secruitisation and Reconstruction of Financial Assets and Enforcement
of Security Interest Ordinance, 2002` has been promulgated, and its replacement Bill has
also been introduced in the House.
ANNEXURE-I
DETAILS OF CASES PENDING IN THE LOK ADALATS IN RESPECT OF PUBLIC SECTOR BANKS AS ON 31 ST MARCH, 2002.
S.No. Name of the public sector bank Amount ( Rs. in Lakhs)
1 State Bank of India 3435.00
1 State Bank of Bikaner & Jaipur 8.56
3 State Bank of Hyderabad 53.43
4 State Bank of Indore 19.93
5 State Bank of Mysote 7.00
6 State Bank of Patiala 3442.00
7 State Bank of Saurashtra 502.59
8 State Bank of Travancore 523.03
9 Allahabad Bank 4196.03
10 Andhra Bank 341.67
11 Bank of Baroda 1091.54
12 Bank of India 4735.72
13 Bank of Maharashtra 75.98
14 Canara Bank 729.94
15 Central Bank of India 359.03
16 Corporation Bank 99.88
17 Dena Bank 634.68
18 Indian Bank 958.50
19 Indian Overseas Bank 8140.82
20 Oriental Bank of Commerce 1372.00
21 Punjab & Sind Bank 1737.94
22 PUhjab National Batik 1856.63
23 Syndicate Bank 1737.94
24 UCO Bank 310.31
25 Union Bank of India 97.88
26 United Bank of India 2650.58
27 Vijaya Bank 0
ANNEXURE-II
DETAILS OF CASES PENDING IN THE DEBT RECOVERY TRIBUNALS IN RESPECT OF PUBLIC SECTOR
BANKS AS ON 31sT MARCH, 2001.
S.No. Name of the public sector bank Amount involved (Rs. in crores)
1 State Bank of India 7695.12
2 State Bank of Bikaner & Jaipur 444.89
3 State Bank of Hyderabad 729.64
4 State Bank of Indore 368.19
5 State Bank of Mysore 234.55
6 State Bank of Patiala 530.59
7 State Bank of Saurashtra 255.88
8 State Bank ofTravancore 850.98
9 Allahabad Bank 1092.63
10 Andhra Bank 259
11 Bank of Batoda 2409.94
12 Bank of India 2977.70
13 Bank of Maharashtra 933.45
14 Canara Bank 2324.49
15 Central Bank of India 2315.73
16 Corporation Bank 158.61
17 Dena Bank 1016.41
18 Indian Bank 3390.33
19 Indian Overseas Bank 964.56
20 Oriental Bank of Commerce 604.77
21 Punjab & Sind Bank 845.33
22 Punjab National Bank 2981.51
23 Syndicate Bank 352.58
24 UCOBank 631.94
25 Union Bank of India 1485.83
26 United Bank of India 667.48
27 Vijaya Bank 631.94
