Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF FINANCIAL SERVICES 

RAJYA SABHA
UNSTARRED QUESTION NO. 2068
ANSWERED ON THE FEBRUARY 11, 2014 / 22 MAGHA, 1935 (SAKA) 

QUESTION
Recapitalization of Public Sector Banks (PSBs) 

2068:   SHRI RAJKUMAR DHOOT:

SHRI RAJEEV CHANDRASEKHAR:

Will the Minister of FINANCE be pleased to state;

(a)   whether Government proposes to infuse further taxpayers money into Public Sector Banks (PSBs) as a part of a re-capitalization package;

(b)   if so, the details thereof; and

(c)    the total amount of new taxpayers money committed from the Budget to PSBs since 2004, and the total return on taxpayer capital employed in PSBs before and after the capitalization, bank-wise and year-wise?

 

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

(a) & (b): The Government is committed to keep all the Public Sector Banks (PSBs) adequately capitalised so as to ensure that the credit requirements of productive sectors of our economy are adequately met.

(c) The total amount of capital infused in the Public Sector Banks (PSBs) is to the tune of Rs. 62,234.24 crore for the years 2005-06 to 2013-14 and no capital was infused by the Government during 2004-05. This infusion of capital in PSBs results in increase in the shareholding of Government of India in these banks. The capital infused in the PSBs not only helps them in meeting the credit requirement of the productive sectors of the economy, it also generates revenue to the Government in the form of Dividend, Dividend Distribution tax, Corporate tax on banks profit, Corporate tax on profit earned by borrowers of the banks. The bank-wise return on total capital employed in PSBs is at Annex.

ANNEX 

Statement referred to in Part (c) of the reply to the Unstarred Question No. 2068 for 11.02.2014 regarding "Recapitalisation of PSBs'' tabled by Shri Rajkumar Dhoot and Shri Rajeev Chandrasekhar

                                              TOTAL RETURN ON CAPITAL EMPLOYED IN PSBs - BANK-WISE & YEAR-WISE                              (In per cent)

I

NATIONALISED BANKS

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009·10

2010·11

2011-12

2012·13

1

Allahabad Bank

34.04

27.93

23.67

18.49

20.05

13.88

19.14

18.65

19.64

10.84

2

Andhra Bank

36.1

31.62

20.52

17.78

17.97

18.94

25.96

23.24

19.25

16.19

3

Bank of Baroda

20.32

12.58

12.28

12.45

14.58

18.62

21.86

23.47

20.64

15.07

4

Bank of India

26.71

8.03

14.85

20.65

24.38

24.97

12.56

15.79

14.00

12.25

5

Bank of Maharashtra

25.21

11.90

3.26

16.41

18.64

17.46

16.35

9.68

9.91

13.66

6

Canara Bank

28.47

19.53

20.29

16.25

15.01

18.25

22.48

23.2

15.36

12.08

7

Central Bank of India

22.90

11 .46

7.68

13.77

11.31

9.25

15.01

13.49

4.57

7.31

8

Corporation Bank

19.62

13.81

13.82

15.02

18.39

19.57

21.93

21.89

19.54

16.08

9

Dena Bank

19.89

5.65

5.98

14.22

21.82

21.29

21.43

19.55

19.75

15.83

10

Indian Bank

7.61

7.12

11 .97

24.00

22.29

20.26

20.16

19.27

17.19

13.89

11

Indian Overseas Bank

26.96

27.98

27.23

28.14

27.18

22.07

9.63

12.73

9.88

4.47

12

Oriental Bank of Commerce

28.67

24.19

13.11

10.78

6.21

13.51

14.51

15.55

9.91

10.74

13

Punjab & Sind Bank

1.92

-15.67

13.03

16.63

21.86

20.37

21.40

16.39

11.21

7.66

14

Punjab National Bank

24.52

21 .41

16.41

15.55

18.01

22.92

24.12

22.60

19.80

19.80

15

Syndicate Bank

24.92

19.64

21.32

22.18

21.42

19.63

15.29

16.53

16.32

20.47

16

UCO Bank

29.14

17.86

8.68

12.34

14.75

16.20

22.08

14.36

13.83

6.76

17

Union Bank of India

25.19

21 .46

16.52

17.34

22.13

21.46

21.65

17.96

13.05

13.52

18

United Bank of India

16.07

15.33

10.61

12.60

12.57

6.44

9.24

11.74

11.93

6.84

19

Vijaya Bank

38.32

26.02

7.79

18.58

16.59

9.36

15.32

12.63

11.54

10.83

II

State Bank of India (SBI)

19.67

19.43

17.04

15.41

16.75

17.05

14.80

12.62

15.72

15.43

III

ASSOCIATES OF SBI

 

 

 

 

 

 

 

 

 

 

1

State Bank of Bikaner & Jaipur

29.39

16.81

10.73

19.99

18.71

20.87

22.02

20.91

18.59

16.36

2

State Bank of

Hyderabad

26.99

15.03

22.01

21.72

21.28

21.46

20.39

24.35

21.98

17.70

3

State Bank of Indore

32.94

15.73

14.48

17.31

18.77

19.36

16.07

-

-

-

4

State Bank of Mysore

34.83

30.82

25.62

24.00

25.31

16.47

18.06

15.77

9.62

10.00

5

State Bank of Patiala

27.39

15.21

14.17

15.52

15.92

18.20

16.01

16.65

17.95

13.17

6

State Bank of Saurashtra

25.47

5.27

6.79

8.66

4.75

-

-

-

-

-

7

State Bank of Travancore

29.68

24.05

21.02

22.26

23.28

30.64

26.88

23.09

13.93

14.94

IV

Other Public Sector Bank

 

 

 

 

 

 

 

 

 

 

1

IDBI Ltd.

7.61

5.18

9.12

8.59

8.52

9.41

10.53

13.35

11.95

9.26