Corruption in PSU banks had come down: Par Committee

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Mumbai, Sep 10 (UNI) Corruption in the Public Sector Banks in India had come down drastically, following centralised loan clearing system and improvements in systematic changes, according to the Standing committee of parliament on personnel, public grievances and law and justice.

Committee Chairman E M Sudarsana Natchiappan told newsmen after a sitting here that the corruption levels had come down by 30 per cent. However, he could not substantiate the claim when asked to provide necessary statistical details about the fall in corruption rate in banks and stated that the details would be available in respective bank websites.

He said that the banks have built a fool proof system to avoid corruption, either while providing advances or in deferring or writing off non performing assets.

On cybercrime and banks, he said that the Standing committee would by November submit a report to the parliament on necessary steps need to be taken to equip the law enforcing authorities in the country with adequate teeth, both equipment and law wise to tackle syphoning of funds from accounts through electronic means.

The committee would have discussions with various stakeholders before finalising the report, he added.

The committee members today held discussions with six banks -- Bank of India, Dena Bank, Central Bank of India, Bank of Baroda, Union Bank of India and Bank of Maharashtra on vigilance and containment of corruption.

He said, in all, the Committee had so far held 70 sittings with 30 banks across the country.

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