The Ministry of Finance in India has provided information in response to an unstarred question in the Lok Sabha regarding public sector banks. As per the Reserve Bank of India, there are twelve public sector banks functioning in the country, and the bank-wise and year-wise details of the total number of accounts, total deposits, and total advances outstanding of PSBs as on March 31 of each of the last five years are provided in Annexure-II. The government has received representations or recommendations on various issues, including privatisation of PSBs, which are examined suitably. In the Union Budget for FY 2021-22, the government announced its intention to privatise two PSBs and approved a policy of strategic disinvestment of Public Sector Enterprises.
Public Sector Banks
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
UNSTARRED QUESTION NO.1996
To be answered on the March 13, 2023/Phalguna 22,1944 (Saka)
Public Sector Banks
- SHRIMATI SANGEETA AZAD:
Will the Minister of FINANCE be pleased to state:
(a) the number and names of Public Sector Banks (PSBs) functioning in the country at present;
(b) whether the Government has any statistics regarding total number of account holders, total deposits and total loans disbursed by each of these PSBs;
(c) if so, the details thereof for total number of account holders, total deposit and loans disbursed by each of these banks during the last five years, year and PSB-wise;
(d) whether the Government has received any representations or recommendations from any quarter to privatise PSBs in the country and if so, the details thereof; and
(e) the response of the Government thereto along with the steps taken by the Government in this regard?
THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KARAD)
(a) to (e): As per Reserve Bank of India, there are twelve public sector banks (PSBs) functioning in the country, names of which are at Annexure-I. Bank-wise and year-wise details of total number of accounts, total deposit and total advances, outstanding of PSBs as on 31st March of each of the last five years is at Annexure-II.
Representations or recommendations on various issues including, inter alia, privatisation of PSBs, received by the Government from time to time are examined suitably.
In the Union Budget for the financial year (FY) 2021-22, Government’s intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises was announced.