(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?
The Minister of State in the Ministry of Finance
(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.
*******