INSUBCONTINENT EXCLUSIVE:
has been taken against more than 6,000 officers of nationalised banks last fiscal in cases of lapses that led to bad loans
In a written reply, Finance Minister Arun Jaitley said that minor and major penalties have been imposed against erring officials
These include, dismissal, compulsory 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," said Mr Jaitley.Depending upon the gravity of lapses, the minister said "minor penalty/ major penalty have
been imposed against erring officials" and in all the cases, depending upon the amount involved, CBI and police complaints have been
lodged.The 19 nationalised banks, including PNB (Punjab National Bank) and Canara Bank, reported a net loss of Rs 21,388 crore in the first
Shukla said that no loan account of state-owned banks with outstanding of over Rs 25 crore has been "declared as evergreen" since June
asset (NPA) amount of all commercial banks rose from Rs 5.66 lakh crore at end-March 2016 to Rs 9.62 lakh crore at end of March 2018
60,713 crore in the first half of the current financial year
This, he said, was double the amount recovered by them during corresponding period of the last financial year.
