Saturday, October 20, 2012

Bad Assets Rising Despite Recovery Claimed BY Bankers


Most of Public Sector Banks have booked less profit and more Non Performing Assets this year barring some exceptions who could get success in manipulating data of the bank. Bank has still huge volume of bad assets but hidden in the system. 

Clever and so called best bankers are those who can conceal bad assets by methods of restructuring and rephasing.

Real growth will emerge only when corrupt bankers are removed and punished to send a message down the line that lame excuses cannot be allowed to shield evil works.Whenever high volume of loan goes bad , the clever officers blames global economy or bad weather. they never punish the guilty officer who earned huge illegal money by disbursing loans to bad elements sacrificing bank's norms and policies willfully.

Even largest Banks like SBI and PNB have also booked higher amount of NPA. This growth of NPA will continue for some more quarters until all hidden sins of bankers are exposed .

Sooner of later , civil society or IAC or the government of India has to break the nexus between bankers, high profile corporate and trade houses and that between officials of RBI and Ministers.

Government will have to understand that flattery , offer of costly gifts, offer of bribe and use of various other tactics prevalent in Indian system may corrupt any and every officer in India and hence need of the hour is to dilute concentration of power, bring about maximum transparency ,strengthen and increase effectiveness of audit and inspection system,remove corrupt officers form vigilance departments, ensure honest staff accountability exercise and avoid delay in punishing the real guilty  under pressure of politicians or high profile top officials of RBI or CBI or any other department.

Government and RBI will have to stop non banking activities of banks and force them to focus on banking activity only , decide uniform interest structure in tune with national priorities , improve HR policy removing all whimsical powers invested in top bank officials , introduce seniority based promotions and reasoning based posting and quicken the process of punishing guilty officers.

Restructuring Of Bad Loan Accounts in Public Sector Banks IS Compulsion


This refers to statement made by learned Finance Minister Mr. Chidambaram saying that PSU banks take huge exposure without collateral whereas private banks ensure adequate safeguards. After all why large scale corporate defaults take place only in government banks, not so much in private banks.

Most unfortunate part of the story is that clever bank officers who occupy the top post in each bank still provide lame excuse to Finance Minister for abrupt and abnormal rise in bad assets in their banks. These clever banks say that if the economy would have been doing well, there would not have been defaults.

It is not only Kingfisher, or Deccan Chronicles or Zoom Developers whose loans are bad , there are many such bad loan accounts still concealed by these clever bank officials in collusion with none other than official of RBI and that of Ministry of Finance.

Click on  following link to read more 

http://dkjain497091112006.blogspot.in/2012/10/restructuring-of-bad-loan-accounts-in.html

http://dkjain497091112006.blogspot.in/2012/10/staff-accountability-exercise-on-high.html

Below is SBI quarterly results announced on 

09.11.2012 and that of many other banks 

announced after Sept 2012



MUMBAI: State Bank of India (SBI) , the country's biggest lender, posted its smallest profit increase this year as bad loans constrained earnings growth, sending its shares lower.

Problem lending has risen to a record as India's worst economic slowdown in almost a decade clouds the outlook of the country's banks including SBI, which accounts for a quarter of all loans and deposits.

The state-owned bank, which has exposure to debt-laden firms such as Kingfisher Airlines Ltd, Air India Ltd and Deccan Chronicle Holdings Ltd, said bad loans rose to 5.15 percent of its loan book as of the end of September from 4.19 percent a year earlier.

Net profit for the quarter ended Sept. 30 increased about 30 percent from a year earlier to 36.58 billion rupees ($671.13 million). That compares with a more than doubling in net income in the previous quarter.

Analysts, on average, had expected a net profit of 35.69 billion rupees, according to Thomson Reuters I/B/E/S.

Shares in SBI fell as much as 3.77 percent in Mumbai trading, the biggest decline in a week. As of 0715 GMT, the stock was down 2.64 percent at 2,183.1 rupees, compared with a 0.42 percent drop in the benchmark 30-share BSE index.

SBI has been aggressive in identifying bad loans and making adequate provisions since Chairman Pratip Chaudhuri took reins of the bank in 2011. Still, problem loans at the bank are the highest in the industry. That, coupled with low capitalisation, prompted ratings agency Moody's to downgrade the bank last year.

Bad loans increased by nearly 45 percent to 492 billion rupees in the September quarter compared with a year earlier, SBI said.

Net interest income, or the difference between interest earned and interest paid out, rose nearly 63 percent during the period.

Large state-owned banks such as Punjab National Bank and Canara Bank Ltd earlier posted drops in net profit and a spike in bad loans in the fiscal second quarter, hurt by the economic slowdown.

Wed, Nov 07, 2012 at 13:45

UCO Bank Q2 net profit halves to Rs 103.7 cr

Public sector lender UCO Bank's net profit halved to Rs 103.7 crore in the second quarter of current financial year from Rs 230.7 crore in a year ago period due to higher provisions against bad loans.

Public sector lender UCO Bank  's net profit halved to Rs 103.7 crore in the second quarter of current financial year from Rs 230.7 crore in a year ago period due to higher provisions against bad loans.
Net interest income came in flat at Rs 1,013 crore as against Rs 1,010 crore during the same period.

The provisions against bad loans were Rs 597.1 crore in the quarter, higher by 46 percent compared to Rs 409 crore in the previous quarter and 25 percent over Rs 478 crore in a year ago period.

Gross non-performing assets (NPAs) increased 100 basis points quarter-on-quarter to 4.88 percent while net NPAs rose 71 basis points QoQ to 2.94 percent during the quarter.

Gross NPAs jumped 27 percent QoQ to Rs 5,887.9 crore and net NPAs went up by 33 percent to Rs 3,468 crore in the three months period ended September 2012.

Capital adequacy ratio was 12.27 percent in the September quarter as against 12.33 percent in the June quarter.


NPAs dent Vijaya Bank’s profitability

Higher provisioning for bad loans during the quarter ended September, 2012 dented the net profit of Vijaya Bank. The bank reported a net profit of Rs.123 crore during the quarter, down 39 per cent over the corresponding quarter of the previous year. The operating profit was Rs.214 crores, 37 per cent lower on a year-ago basis. Higher provisions, which increased 12 per cent on an annualised basis, reflected the stress due to the NPAs. 
While gross NPAs, as a proportion of all assets, worsened from 2.54 per cent to 3.17 per cent, net NPAs increased by almost 50 basis points to 3.17 per cent. There was “no sectoral concentration” in NPAs, said H. S. Upendra Kamath, Chairman and Managing Director. The bank had a provision coverage ratio of about 62 per cent at the end of the second quarter.
Admitting to growing “slippage” of accounts during the last quarter, Mr. Kamath said the bank had succeeded in bringing “high cost” deposits under control.

Andhra Bank Q2 profit muted on higher NPA provisioning


Andhra Bank clocked a net profit growth of 3.2 per cent for the quarter ended September 30 at Rs 326 crore, as against Rs 316.12 crore in the year-ago period.
Higher deposit costs, slower credit off-take and stressed assets kept the bank’s growth muted during the quarter. It is expected to maintain this level of growth in the current quarter.
The total income of the bank touched Rs 3,417.62 crore, up by 15.5 per cent from the year-ago period. However, its net interest income declined six per cent to Rs 894 crore during the quarter.
B.A. Prabhakar, Chairman and Managing Director, said the fall in net interest income was mainly due to reversal of interest on account of NPAs (non-performing assets) and restructured accounts.
Gross NPAs rose to Rs 3,013.79 crore (3.48 per cent) during the quarter from Rs 1,987.07 crore (2.67 per cent) in the year-ago period.

CORPORATE ACCOUNTS

“Slippages were mostly on account of a few large and mid-corporate accounts to the tune of Rs 1,000 crore. Two pharmaceutical companies alone accounted for NPAs of Rs 579 crore — expansion of these companies was stuck as they could not raise the required equity,” Prabhakar told newspersons here on Tuesday.
He said the bank’s exposure to the troubled media company Deccan Chronicle Holdings was Rs 200 crore, but it would become due only after November. “We will be taking recovery steps after it falls due,” he said.
Cost of deposits rose from 7.45 per cent in the second quarter of last fiscal to 8.03 per cent last quarter. “I expect this trend to continue in the next two quarters,” he said.
Overall, the bank expects to end the year with a growth of about 15 per cent both in deposits and credit.

Allahabad Bank Q2 net drops 52% on rising bad loans


Allahabad Bank plans to open 250 branches in the current fiscal, of which authorisations have been received for about 60 per cent of them.It is also entering Dhaka by opening a branch there and work in this regard is in progress.Second quarter performance
The bank, in a communication to the stock exchanges today, said its total business had gone up to Rs 2,74,116 crore as on September 30, 2012, compared to Rs 2,38,897 crore as at the end of Q2 of last year, marking a 14.74 per cent growth year on year.
The total deposits also moved up to Rs 1,61,967 crore as at the end of Sept 30 this year compared to Rs 1,42,043 crore in the same period last year, a 14.02 per cent growth y-o-y.
However, the bank, while registering a rise in total income in Q2 of this year to Rs 4,582.64 crore (Rs 4,202.54 crore), has seen a sharp drop in net profit. Its total expenses shot up to Rs 3,780.35 crore (Rs 3,253.24 crore). The provisioning (other than tax) and contingencies too was higher at Rs 464.47 crore (Rs 411.66 crore) and the tax expenses too more than doubled to Rs 103.62 crore (Rs 49.62 crore).
All this led to the bank’s net profit tumbling 52 per cent to Rs 234.20 crore (Rs 488.02 crore).Consequently, the EPS for the second quarter this year slumped to Rs 4.68 (from Rs 10.25).
There was a sharp uptick in the gross and net NPA in the quarter. While the percentage of gross NPA to advances shot up to 2.95 from 1.77, the percentage of net NPA to net advances trebled to 2.10 from 0.69 in Q 2 of 2011-12. The return on net assets on an annualised basis too fell to 0.51 from 1.24.
According to Shubhalakshmi Panse, Chairman and Managing Director, Allahabad Bank, added fresh NPAs worth Rs 1,720 crore during the quarter under review, against Rs 521 crore during same period last year.
Allahabad Bank said that during the first half of the current fiscal, it opened 48 new branches, taking the total number to 2,564 branches, of which rural and semi-urban branches accounted for 61 per cent of them with the rest in urban and metropolitan areas.

Bank Q2 profit up 2.3%; NPAs grow four-fold



South Indian Bank, the private sector lender, reported a rise of 2.32% in net profit of Rs 971.5 million for the quarter ended Sept. 30, 2012 as compared toRs 949.5 million for the quarter ended Sept. 30, 2011.
Total income has gone up 23.02% to Rs 11.45 billion for the quarter ended Sept. 30, 2012 from Rs 9.30 billion in the year ago period.

Interest earned during the quarter ended Sept. 30, 2012 was at Rs 10.72 billion as compared to Rs 8.77 billion for the quarter ended Sept. 30, 2011, representing an increase of 22.17%.

Net NPA was at Rs 2,418.8 million for the quarter ended Sept. 30, 2012, as compared to Rs 583.1 million for the quarter ended Sept. 30, 2011, representing an increase of 4.15 times.

Capital Adequacy Ratio (CAR) of the bank, was at 14.43% as on Sept. 30, 2012 as compared to 13.48% as on Sept. 30, 2011.
During the quarter Sept. 30, 2012 the bank has identified certain acts of fraud committed by its employees at one of the branches. Based on the RBI guidelines, the bank has provide Rs 322.2 million and disclosed as an exceptional item.

BoB Q2 profit grows 11.6%; NPAs more than double

Bank of Baroda (BoB), one of the leading public sector lenders today reported a rise of 11.60% in net profit of Rs 13.01 billion for the quarter ended Sept. 30, 2012 as compared to Rs 11.66 billion for the quarter ended Sept. 30, 2011. Analysts had on an average estimated profit of Rs 11.47 billion.

Total income has gone up 19.60% to Rs 95.51 billion for the quarter ended Sept. 30, 2012 from Rs 79.86 billion in the year ago period.

Interest earned during the quarter ended Sept. 30, 2012 was at Rs 87.23 billion as compared to Rs 72.51 billion for the quarter ended Sept. 30, 2011, representing an increase of 20.29%.

Net NPA was at Rs 23.85 billion for the quarter ended Sept. 30, 2012,as compared to 11.19 billion for the quarter ended Sept. 30, 2011, representing an increase of 2.13 times.

Net NPA was at 0.82% for the quarter ended Sept. 30, 2012, as compared to 0.47% for the quarter ended Sept. 30, 2011.
Net Interest Income (NII) was at Rs 28.62 billion for the quarter ended Sept. 30, 2012.
Capital Adequacy Ratio (CAR) of the bank, was at 12.91% as on Sept. 30, 2012 as compared to 12.73% as on Sept. 30, 2011.

Indian Bank Q2 profit up 6%; NPAs more than double
Indian Bank, a leading public sector bank, today posted a increase of 5.97% in net profit of Rs 4.96 billion for the quarter ended September 30, 2012 as compared to Rs 4.68 billion for the quarter ended September 30, 2011.
Total income has gone up 11.74% to Rs 37.73 billion for the quarter ended September 30, 2012 from Rs 33.77 billion in the year ago period.

Interest earned during the quarter ended Sept. 30, 2012 was at Rs 34.10 billion as compared to Rs 30.34 billion for the quarter ended Sept. 30, 2011, representing an increase of 12.38%.

Percentage of net non-performing assets (NPA) climbed 64 bps over previous year period to 2.06% and 1.33% respectively as on Sep. 30, 2012. In rupee terms, net NPA more than double over last year period to Rs 12.60 billion.

Capital Adequacy Ratio (CAR) under Basel II of the bank is at 12.96% as on Sept. 30, 2012 as compared to 12.23% as on Sept. 30, 2011.

PNB profit declines on rise in NPAs

Stating that the shape of the economy is reflected in the results of the bank, state-owned Punjab National Bank on Friday registered a 11.6 per cent drop in net profit to Rs. 1,065 crore on account of rise in non-performing assets (NPAs) or bad loans in the July-September quarter.
The bank reported a net profit of Rs. 1,205 crore in the July-September quarter of 2011-12 fiscal. PNB chairman, K.R. Kamath told journalists here that results were not as per the expectations.
The NPAs as a percentage of total assets rose to 2.69 per cent in the July-September quarter, from 0.84 per cent during the same period a year ago. ``The results are a reflection of what is happening in the economy. It is difficult to predict whether the worst is over. A lot will depend on how economy behaves in next 3-6 months,’’ he said.
In absolute term, the net NPA of the bank jumped to Rs. 7,883.43 crore in the July-September quarter, from Rs. 2,088.51 crore in the year ago period. During the quarter the bank provisioning towards NPAs stood at Rs. 1,140 crore, a 257 per cent jump over Rs. 319 crore provisioned in the September quarter of last fiscal. ``Higher provisioning is on account of higher NPA slippage. In some way it is a reflection of what is happening in the economy,’’ Mr. Kamath said.
``Where ever investments are not in a position to generate income, the government has to work to reduce bottlenecks else banks will have to take a hit in their books. PNB’s exposure to the power sector, including state electricity boards stood at Rs. 26,000 crore and that to road sector was Rs. 10,000 crore.
For the half year ended September 30, PNB reported a net profit of Rs. 2,311 crore, a muted growth over Rs. 2,310 crore in the year ago period. For the first half of the fiscal the bank has provisioned Rs. 2,040 crore on account of NPAs and Rs. 950 crore on account of taxation. In the half year, the NPA slippages in the loans to agriculture sector was Rs. 1,171 crore, MSME (Rs. 900 crore), retail (Rs. 350 crore) and industry (Rs. 1,786 crore).

Mon, Oct 29, 2012 at 13:45

Bank of India Q2 net dips 38.5% on bad loans; stock down 6%

Public sector lender Bank of India has reported poor numbers due to sharp rise in bad loans in the July-September quarter. Net profit fell by 38.5 percent year-on-year to Rs 302 crore in the quarter.

Public sector lender Bank of India  has reported poor numbers due to sharp rise in bad loans in the July-September quarter. Net profit fell by 38.5 percent year-on-year and 66 percent quarter-on-quarter to Rs 302 crore in the quarter.

Net interest income rose lower than expected 15 percent to Rs 2,196 crore from Rs 1,904 crore during the same period.

Analysts on an average had estimated a net profit of Rs 783 crore and net interest income of Rs 2,227 crore for the quarter.

The bank's asset quality worsened considerably in the quarter gone by. Gross non-performing assets (NPA) increased 86 basis points QoQ to 3.42 percent and net NPAs went up by 35 basis points QoQ to 2.04 percent in the second quarter of financial year 2012-13.

Gross NPAs rose nearly 32 percent to Rs 8,899 crore while net NPAs spiked 18.5 percent to Rs 5,228 crore during the same period.


Provisions against bad loans grew three times to Rs 1,552 crore in the quarter ended September 2012 from Rs 472 crore in previous quarter. Provision coverage ratio was 60.96 percent as on September 30.
Capital adequacy ratio was 11.1 percent in the second quarter as against 11.42 percent in June quarter of current financial year.

The share plunged as much as 6 percent to touch an intraday low of Rs 269.50 on the Bombay Stock Exchange.
http://www.moneycontrol.com/news/results/bankindia-q2-net-dips-385bad-loans-stock-down-6_774567.html
Indian Overseas Bank recorded 24% drop in net profit in Q2
By Vaibhav Aggarwal
Oct 29, 2012

Indian Overseas Bank (IOB) has recorded a drop of 24 per cent in the net profit forte second quarter of this financial year at Rs 158.43 crore as compared to Rs 207.46 crore for second quarter of FY2011-12.
Mr. M Narendra, Chairman and Managing of IOB said, "The bank had to restructure some big accounts, which affected the profit". He added, "The restructured accounts amounted to Rs 168 crore".

Total income increased by 14.36 per cent to Rs 5,515.02 crore from Rs 4,822.56 crore, during the second quarter of the last financial year. Provisions for Q2 were down by 13 per cent at Rs 552 crore as compared to Rs 636 crore for corresponding period of the FY11-12.

Gross Non performing asset (NPA) stood at Rs 5,930 crore as on September 30 as compared to Rs 3,898 crore as in September 2011. On September 30, the total capital funds of the bank stood at Rs 17,137.83 crore against Rs 15,144.07 crore in September 2011.
Mr. Narendra said, "The government is considering infusing capital to the tune of around Rs 1,500 crore during the current fiscal".

According to Mr. Narendra, the restructured accounts currently stand at Rs 14,775 crore.



IDBI Bank net profit dips 6.3% on higher provisions

Mumbai, Wed Oct 31 2012, 19:47 hrs  ( Indian Express )
Public sector lender IDBI Bank reported a 6.3 per cent drop in its net profit to Rs 483.5 crore in the second quarter of the current financial year on the back of additional provisioning for pensions.
Net profit of the bank was at Rs 516 crore in the same period last fiscal.
Total income of the bank rose 9.5 per cent to Rs 6,880 crore in the July-September period against Rs 6,282 crore reported in the year-ago period, the bank said in a statement last evening.
According to the bank, total business during the period registered a 5 per cent rise to Rs 3,46,457 crore against Rs 3,29,916 crore reported a year earlier.
While deposits rose 3 per cent to Rs 1,80,087 crore, advances grew 7 per cent to Rs 1,66,370 crore during this period.
During the quarter, the bank witnessed rise in both gross NPA and net NPA. While the gross NPA jumped to 3.45 per cent from 2.47 per cent a year, net NPA rose to 2.04 per cent from 1.57 percent a year ago.
The bank's capital adequacy ratio stood at 13.91 per cent by the end of September quarter.


Thu, Oct 25, 2012 at 21:39

NPA situation may worsen in next 6-8 months

According to the sources in the finance ministry the NPA situation is set to get worse. Over Rs 3 lakh crore of loans due to projects stranded for approvals can get NPA status in the next 6-8 months.

According to the sources in the finance ministry the NPA situation is set to get worse. Over Rs 3 lakh crore of loans due to projects stranded for approvals can get NPA status in the next 6-8 months.

If permissions for land or environment or fuel linkages don't come in quickly then the officials say they are pinning their hopes on the National Investment Board which they hope will ensure faster clearances.


Fri, Oct 26, 2012 at 13:42

ICICI Bank includes Rs 5bn loan to media company in NPA

ICICI Bank has included a 5 billion rupee loan to a media company in its July-September non-performing assets breakdown, the CEO of the Indian lender, Chanda Kochhar, said in a conference call after its results.


ICICI Bank   has included a 5 billion rupee loan to a media company in its July-September non-performing assets breakdown, the CEO of the Indian lender, Chanda Kochhar, said in a conference call after its results.

Although Kochhar did not name the media company, traders widely identified it as Deccan Chronicle Holdings Ltd , estimating the size of the exposure cited by her was similar to the amount they believe ICICI Bank has lent to the company.

http://www.moneycontrol.com/news/business/icici-bank-includes-rs-5bn-loan-to-media-companynpa_773803.html

Banks may have to put up with rising NPA levels for another year: Bankers

Banks may have to put up with rising NPA (non-performing asset) levels for another year, as grim economic conditions would continue to affect the profitability of companies across sectors such as power, steel, telecom, mining and textile. However, the situation is not yet “alarming” for Indian banks, as they are sufficiently cushioned by capital adequacy. This was the dominant view at a panel discussion organised by the Indian School of Business on the banking sector.
R. Venkatachalam, Deputy Managing Director of State Bank of India, felt the worst is over as far as NPAs are concerned for the Indian banking industry. “There are indications of NPA levels dipping and that we are on a recovery path,” he said.
He was, however, countered by Piyush Agrawal, MD and Country Risk Head of Citibank India, P. Rudran, CEO of Asset Reconstruction Company of India Ltd, and Ehsan Syed, Director, India Ratings and Research, a Fitch Group company.
Piyush made it clear that he was not “as bullish” as Venkatachalam on this, adding that the industry may sea “some real (positive) action” after 12 months. Rudran was also emphatic that the worst is not yet over. “See the power sector — all gas-based projects are suffering. The telecom industry has not yet become an NPA, but the time is not far off. Unless the economy shows positive signs of improvement, the NPA levels will not come down,” he said.
The bad assets with Indian banks have doubled in the three years from Rs 68,000 to Rs 1.37 trillion, while restructured assets trebled during the period from Rs 75,000 to Rs 2.18 trillion.

Banks draw more from RBI’s repo window as liquidity tightens

Onset of the festival season coupled with the requirement to meet the fortnightly cash reserve ratio (CRR) led to liquidity coming under pressure in the banking system on Thursday.
This is underscored by the fact that 37 banks collectively borrowed Rs 1,01,635 crore from the central bank for a day from its repo window (at 8 per cent per annum interest) under the liquidity adjustment facility (LAF). On Wednesday, 30 banks had collectively borrowed Rs 86,260 crore from the RBI’s LAF window, which allows banks to tide over temporary liquidity mismatches.
“During the festival season the money in circulation with the public increases. Moreover, tomorrow is a reporting Friday, whereby banks need to make up for any shortfall in the maintenance of the cash reserve ratio.
“Hence, the spike in demand for funds at the RBI’s LAF window,” said a money market dealer with the public sector bank.
The tightness in liquidity found a reflection in the call money markets with the inter-bank call rates closing a tad higher at 8.12 per cent from the previous close of 8.10 per cent.
To secure the monetary stability in the country, the RBI has prescribed CRR at 4.50 per cent of a bank’s deposits.









बैंक के मुख्य प्रबंधक सहित 7 जनों के खिलाफ चार्जशीट पेश

जोधपुर.प्रॉपर्टी का दो गुना मूल्यांकन करवा कर स्टेट बैंक ऑफ बीकानेर एंड जयपुर से 3.38 करोड़ रुपए का ऋण लेकर हड़पने के मामले में सीबीआई ने बैंक के तत्कालीन मुख्य प्रबंधक और फर्म के प्रोपाइटर सहित सात जनों को दोषी प्रमाणित कर दिया है। इन आरोपियों के खिलाफ कोर्ट में चार्जशीट पेश कर दी गई है। सीबीआई ने यह घोटाला पकड़ने के लिए दिसंबर 2010 में दिल्ली, उदयपुर व ब्यावर में एक साथ छापे मारे थे।

बैंक ने यह गड़बड़ी सामने आने पर दो साल तक वसूली का प्रयास किया, फिर उच्चाधिकारियों ने यह मामला सीबीआई को सौंप दिया था। सीबीआई ने बैंक के तत्कालीन मुख्य सतर्कता अधिकारी राजकुमार शर्मा की रिपोर्ट पर 15 दिसंबर 2010 को उदयपुर ब्रांच के मुख्य प्रबंधक मदनलाल मीणा जो उस वक्त दिल्ली में एजीएम थे, फर्म कृष्णा केमिकल के प्रोपाइटर राजेश चौपड़ा, निदेशक टीना कुमारी, गजानंद ट्रेनिंग कंपनी ब्यावर के प्रोपाइटर केशव चौहान, महक मिनरल ब्यावर के प्रोपाइटर जगदीशचंद्र चौपड़ा, एसबीबीजे जयपुर के तत्कालीन पैनल वैल्युअर दिनेशलाल गु
प्ता, एसएस बख्शी और नरेंद्रसिंह नैनावती के खिलाफ गबन का मुकदमा दर्ज किया था।

उसके बाद सीबीआई ने इन फर्मो व बैंक अधिकारियों के दिल्ली, उदयपुर व ब्यावर स्थित घर, ऑफिस व फैक्ट्रियों में एक साथ छापे मारे थे। चार दिन तक चली इस कार्रवाई में सीबीआई ने गबन से जुड़े तमाम रिकॉर्ड जब्त किए थे। डीएसपी वाईके शर्मा ने दो साल की जांच में बैंक को 3 करोड़ 38 लाख रुपए की हानि मानते हुए सभी आरोपियों के खिलाफ कोर्ट में चार्जशीट पेश कर दी है।

फर्जी फर्मो से लिया था 3 करोड़ का ऋण

दिल्ली निवासी राजेश कुमार चौपड़ा की ब्यावर में कुछ प्रॉपर्टी थी। उसने श्री कृष्णमुरारी मिनरल्स प्रा. लि. तथा कृष्णा केमिकल नाम की दो फर्म के नाम से 2006 में एसबीबीजे की उदयपुर स्थित सूरजपोल ब्रांच से दो करोड़ रुपए का ऋण लिया था।

करीब 90 लाख रुपए का ऋण कृष्णा केमिकल को बतौर वर्किग कैपिटल स्वीकृत करने के लिए लिया इसके लिए राजेश कुमार अग्रवाल व भैरूलाल भट्ट के साथ फर्जी लीज एग्रीमेंट तैयार करने के साथ ही राजेश कुमार चौपड़ा व टीना चौपड़ा की जो अचल संपत्ति बैंक को मोरगेज की थी, उसकी वास्तविक कीमत 98 लाख रुपए ही थी। इनमें से एक फर्म यह एग्रीमेंट करने के लिए अधिकृत ही नहीं थी क्योंकि उसका कब्जा दूसरे व्यवसायी के पास था। दूसरी फर्म तो अस्तित्व में ही नहीं थी, लेकिन उसका भी एग्रीमेंट प्रस्तुत कर दिया था।


2 comments:

majji js murthy said...

We should categorise NPAs as man made NPAs and NPAs due to recession in certain fields. Man made NPAs are due to the greed of some officials to make quick money and flout all rules to finance some unworthy accounts. There is no excuse for this. The second category is unavoidable due to economic conditions prevailing. Unfortunately it is the first category that is outweighing the NPA position of Banks. The Govt. should take corrective steps to pin the culprits in this regard without any mercy.

Danendra Jain said...

RBI silent on big volume bad loans and fraud cases

http://dkjain497091112006.blogspot.in/2012/06/volume-of-bank-fraud-is-enormous.html

2.
http://dkjain497091112006.blogspot.in/2012/06/loans-are-sanctioned-bankers-as-charity.html

3.http://dkjain497091112006.blogspot.in/2012/08/not-only-npa-but-growth-of-frauds-is.html

4.http://dkjain497091112006.blogspot.in/2011/09/cmd-of-banks-commit-fraud-and-rbi-meeps.html

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