1 Uncorrected/ Not for publication- 08.12.2009 SSS-AKG/11.00/1A ...

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64Uncorrected/ Not for publication- 08.12.2009Q. NO. 273MR. CHAIRMAN: Please. Please observe decorum in the House.SHRI T. K. RANGARAJAN: Sir, my first supplementary is: What is thetotal value and percentage of the NPA, Non-Performing Assets, of thesebanks? What efforts are under way to reduce these outstandingliabilities?SHRI NAMO NARAIN MEENA: Sir, the NPA of the nationalised banks isaround 2.8 per cent at present, and efforts are being made to reducethis NPA by issuing various circulars and instructions by theGovernment, as well as, by the Reserve Bank of India.SHRI T. K. RANGARAJAN: Sir, it is 2.8 per cent. By merely issuingcirculars will you be able to recover those monies? Big people,heavyweights, have borrowed. There are 101 ways to escape from thatNPA and finally you will write them off. What exactly are you doing?My second supplementary is this. I think there is a uniform policy.What are you doing, as a Minister? Every Ministry is having the sametype of Non-Performing Assets. Take, for example, Indian OilCorporation. Its Non-Performing Assets are to the tune of Rs.530crores. There are two big people involved. I know who they are.MR. CHAIRMAN: Supplementary, please.SHRI T. K. RANGARAJAN: My supplementary is this. What is themethod that you are going to adopt?MR. CHAIRMAN: We are running out of time. Do you want an answerto your question or do you want to make a statement out of turn?
65Uncorrected/ Not for publication- 08.12.2009Q.NO. 273( CONTD.)SHRI T. K. RANGARAJAN: The question is: What are the immediatesteps taken by you to recover the money and to reduce the NPA?SHRI NAMO NARAIN MEENA: Sir, several steps have been taken toreduce the NPA, and there are guidelines from the Reserve Bank ofIndia to reduce the NPA and to recover the money. The banks areusing the OTS, One Time Settlement Scheme, as per the guidelines ofthe Reserve Bank of India. The hon. Member would be happy to knowthat by taking several steps, the NPA of the various banks is comingdown every year. The banks are recovering. The SARFAESI Act isbeing followed in all the cases.(Ends)
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