India Post News Paper

Blog

 Breaking News

6,000 PSB officers responsible for bad loans

6,000 PSB officers responsible for bad loans
January 01
12:40 2019

NEW DELHI: The government has said action has been taken against more than 6,000 officers of nationalized banks last fiscal in cases of lapses that led to bad loans.
In 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 nationalized 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 cases, depending upon the amount involved, CBI and police complaints have been lodged.
The 19 nationalized banks, including PNB and Canara Bank, reported a net loss of Rs 21,388 crore in the first half of the fiscal. This compares with a combined loss Rs 6,861 crore in the similar period of 2017-18.
Meanwhile, Minister of State for Finance Shiv Pratap Shukla said that no loan account of state-owned banks with outstanding of over Rs 25 crore has been “declared as evergreen” since June 2014. PTI

 

Comments

comments

About Author

India Post Newspaper

India Post Newspaper

Refresh yourself every morning with India Post news coverage, videos & photos in India Post News Paper. Check out the news stories from India and the World.

Related Articles

EPAPER – LATEST EDITION – June 24th, 2022

ADVERTISEMENT – ZEE5

ZEE 5 Forensic

ADVERTISEMENT – CALTRANS

Caltrans Near Me

ADVERTISEMENT – SHEA HOMES

Shea Homes

ADVERTISEMENT – SKYRIVER CASINO

Skyriver

ADVERTISEMENT – 22BET

22Bet Casino

DROUGHT EMERGENCY – WATER USE RESTRICTIONS

DROUGHT EMERGENCY - WATER USE RESTRICTIONS

POPULAR CATEGORIES

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

Download Media Kit

India Post Media Kit