The Reserve Bank of India on Thursday directed banks, including Punjab National Bank, Central Bank of India and Bank of India, to submit a report enlisting their exposure to commercial real estate and action they propose to take against officials involved in the housing scam. “The Reserve Bank of India has sort data on our exposure to commercial estate and asked the bank to state what action they would be taking against the employees involved,?? said a senior bank official of one of the public sector bank charged by CBI in the case. Punjab National Bank has an exposure of Rs 9,800 crore, which accounts for 6% of the total loan book, said a official.
It is also understood that the Central Bank of India chairman S Sridhar had earlier alerted the government about this gentlemen arrested by the CBI for his conduct. However, Sridhar was not available for comment.
Meanwhile Bank of India in a statement said that, ?Three of our accounts which include BGR Energy, OPG Power and Ashapura Minechem have been mentioned. The accounts of BGR Energy is conducted satisfactorily, OPG Power though sanctioned, is yet to be disbursed and Ashapura Minechem is an account of over 40 years with the bank.
??This incident involves an alleged misconduct of an individual. The bank has a proper structure for sanctioning loans, which is duly observed and the asset quality continues to be good,?? the bank said.
On November 24 CBI arrested LIC Housing Finance CEO Ramchandra Nair, LIC?s secretary (investment) Naresh K Chopra, Bank of India (Delhi) general manager RN Tayal, Central Bank of India director Maninder Singh Johar, Punjab National Bank (Delhi) deputy GM Venkoba Gujjal in series of bribery cases related to sanction of corporate loans.
