Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA

Ministry of Finance

DEPARTMENT OF FINANCIAL SERVICES

RAJYASABHA
UNSTARRED QUESTION NO. 1689
TO BE ANSWERED ON THE 10TH AUGUST. 2010 I SHRAVANA 19, 1932 (SAKA)
Exposure of Banking Sector to Real Estate

 

1689. SHRI RAJEEV CHANDRASEKHAR:
Will the Minister of FINANCE be pleased to state:

(a) the total exposure of the Indian banking system to the real estate sector; and

(b) the extent of restructuring I deferment I write-offs of such loans that have been affected by public sector banks over the last two years, year-wise?

ANSWER
The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)

(a) : The total exposure of the Indian Banking System (excluding Regional Rural Banks and Local Area Banks) to the Real Estate Sector as on 31 March 2010 was RS.5,69,982 crore.

(b): The details of the extent of restructuring I deferment I write-offs specific to Real Estate Sector loans, that have been effected by Public Sector Banks is not generated in the Management Information System of Reserve Bank of India. However, the total write-off (including compromise settlements) effected by Public Sector Banks is Rs.7,217 crore and RS.10,966 crore for years 2008-09 and 2009-10, respectively .