Parliament Question: Frauds in J&K Bank

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES RAJYA SABHA UNSTARRED QUESTION NO-3608 ANSWERED ON TUESDAY, MARCH 24, 2026/3 CHAITRA, 1948 (SAKA) FRAUDS IN J&K BANK 3608. SHRI SAJJAD AHMAD KICHLOO: Will the Minister of FINANCE be pleased to state:- (a) the details of frauds detected or reported in J&K Bank, amount involved, FIRs registered and officials held accountable since 2021, year-wise; (b) the total employees recruited, regularised or engaged on contract post 2019 by following recruitment process in the bank; (c) the total loans sanctioned, outstanding amount and growth, sector-wise; (d) the total value of default by top 100 defaulters, NPA-wise; (e) the details of one time settlements, restructuring, write-offs and loan waivers approved for beneficiaries, amount recovery effected, pending dues; and (f) the corrective, supervisory and penal actions taken to safeguard money and depositors interests? ANSWER THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY) (a): As per inputs provided by J&K Bank, the details of frauds reported during the last five financial years (FYs), are as under. No. of FIRs / Staff Accountability Total Amount Frauds Criminal established (Officials FY Involved Reported to Complaints Involved/lapses (Rs. in Lakh) RBI filed identified against) 2020-21 23 1,51,961.98 23 122 2021-22 19 24,615.60 19 94 2022-23 20 38,003.61 20 103 2023-24 32 4,536.82 32 101 2024-25 34 16,975.09 34 92 (b): As per the information received from J&K Bank, year-wise details of recruitments carried out by J&K Bank, are as under.Count of Count of Recruited/ FY Contractual Remarks Regularized Employees Employees 2019-20 456 114 The appointments 2020-21 387 1 have been carried 2021-22 1,644 2 out as per 2022-23 115 1 recruitment 2023-24 94 1 Policy/Process of 2024-25 71 2 the bank. 2025-26 36 1 Total 2,803 122 (c): Sector-wise details of loans sanctioned, outstanding amount and growth thereof, are at Annex. (d): J&K Bank has apprised that account-wise information of Non-performing assets (NPAs) cannot be disclosed in public domain as the information is commercially sensitive and the bank is bound by confidentiality obligations under applicable banking laws and regulatory guidelines. Further, the Reserve Bank of India (RBI) has informed that the borrower-wise information cannot be disclosed under provisions of section 45E of the RBI Act, 1934. Section 45E provides that credit information submitted by a bank shall be treated as confidential and not to be published or otherwise disclosed. However, as per J&K bank inputs, the total outstanding NPA amount of top 100 defaulters in J&K Bank was Rs. 4,693 crores as on 31.12.2025. (e): The details of NPAs written off (including one-time settlements), restructuring and recoveries effected are as under in Table-1, Table-2 and Table-3, respectively, as under. Table 1: (Amounts in Rs. crore) NPA Written Off Data Including OTS Written-off NPAs FY No. of accounts Principal Balance Amount 2019-20 1,493 13.15 2020-21 1,367 4.50 2021-22 2,500 29.60 2022-23 5,861 38.17 2023-24 1,860 28.18 2024-25 2,699 18.71 2025-26 2,499 12.50 (Till Date) Source: J&K BankTable 2: (Amounts in Rs. crore) Data on restructured accounts (Standard + NPA accounts) As on Total No. of Accounts 31-03-2019 32,167 31-03-2020 7,262 31-03-2021 6,799 31-03-2022 7,425 31-03-2023 6,334 31-03-2024 4,673 31-03-2025 4,124 Source: J&K Bank Table 3: (Amounts in Rs. crore) Recoveries Effected FY Recovery Effected 2019-20 2,603.51 2020-21 620.27 2021-22 2,807.08 2022-23 8,433.11 2023-24 1,853.00 2024-25 973.72 2025-26 783.96 (f): The corrective, supervisory and penal actions taken by RBI against J&K Bank to safeguard money and depositors’ interests, are as under. (Amounts in Rs. crore) Amount of FY Reason for penalty Penalty Non-compliance with certain provisions of RBI (Frauds classification 2019-20 0.5 and reporting by commercial banks and select FIs) directions 2016 Non-compliance with certain provisions of RBI on loans-lending norms, Central Repository of Information on Large Credits (CRILC) 2021-22 1.00 guidelines and lending to Non-Banking Financial Companies (NBFCs) 2023-24 2.50 Non-compliance with certain directions issued by RBI on CRILC. Non-compliance with certain directions issued by RBI on Financial 2024-25 3.31 Inclusion, Know Your Customer (KYC) and Loans and Advances- Statutory and Other Restrictions Contravention of the provisions of section 26A of Banking 2025-26 0.99 Regulation Act, 1949 and RBI-Internal Ombudsman Scheme 2018. *****Annex (Pg. 1/2) Rajya Sabha Unstarred question no. 3608, regarding Frauds in J&K Bank Sector-wise details of loans sanctioned, outstanding (O/S) amount and growth thereof in J&K Bank (Amounts in Rs. Crore) d d d d Sector s n a o l fo .o N 8 1 0 2 n i d e n o itc n a9 s1 - e n o itc n a s r o f S / O tn u o m8 1 0 2 g n ir u d s tn u o c c9 a1 - e s r o f S / O la r to ot Tc 9 1 0 2 / 3 0 / 1 3 n o s a s n a o l fo .o N 9 1 0 2 n i d e n o itc n0 a2 s- e n o itc n a s r o f S / O tn u o m9 1 0 2 g n ir u d s tn u o c c0 a2 - r o tc e s r o f S / O la to T 0 2 0 2 / 3 0 / 1 3 n o s a % n i h tw o r G s n a o l fo .o N 0 2 0 2 n i d e n o itc n a1 2 s- e n o itc n a s r o f S / O tn u o m0 2 0 2 g n ir u d s tn u o c c1 a2 - S r /o Otc e las t or o Tf 1 2 0 2 / 3 0 / 1 3 n o s a % n i h tw o r G s n a o l fo .o N 1 2 0 2 n i d e n o itc n2 a2 s- e n o itc n a s r o f S / O tn u o m1 2 0 2 g n ir u d s tn u o c c2 a2 - r o tc e s r o f S / O la to T 2 2 0 2 / 3 0 / 1 3 n o s a % n i h tw o r G A A A A AGRICULTURE 42,338 982.14 7,437.00 1,11,169 833.15 7,942.56 6.80 2,55,413 1,479.73 8,721.52 9.81 52,345 667.29 8,656.19 -0.75 LOAN AGAINST 23,629 491.35 935.11 23,102 478.14 887.79 -5.06 17,162 737.85 1,415.21 59.41 20,218 492.58 1,118.01 -21.00 DEPOSITS/GOLD FINANCIAL 24 2,344.99 7,616.62 20 759.98 5,524.39 -27.47 - - 3,670.29 -33.56 5 1,625.00 4,424.93 20.56 MARKET/NBFC FOOD CREDIT 2 - 175.98 1 - 170.26 -3.25 1 - 164.36 -3.47 2 - 157.00 -4.48 INFRASTRUCTURE 36 736.36 7,597.01 44 757.02 7,477.38 -1.57 46 758.82 7,067.53 -5.48 28 150.06 6,146.30 -13.03 MANUFACTURING 13,675 3,115.63 9,338.00 8,738 585.12 7,805.73 -16.41 20,159 826.30 6,640.01 -14.93 24,854 983.66 6,382.00 -3.89 MICRO FINANCE 15,483 87.48 110.54 21,048 116.91 167.22 51.28 13,560 131.10 216.09 29.22 19,215 230.51 308.00 42.53 MINNING AND 46 9.34 57.84 16 5.18 58.20 0.62 99 7.58 54.67 -6.07 10 1.41 49.67 -9.15 QUARRYING PERSONNEL FINANCE 2,45,112 8,497.74 17,807.44 2,15,912 8,106.33 21,275.83 19.48 1,73,694 7,152.23 24,709.60 16.14 1,89,821 8,862.87 27,859.71 12.75 REAL ESTATE 66 283.77 3,233.39 43 1,042.35 3,177.94 -1.71 62 74.91 2,729.40 -14.11 51 75.57 2,267.00 -16.94 SERVICE 20,957 1,412.88 6,845.11 21,495 1,143.82 7,056.05 3.08 22,375 1,267.87 7,193.61 1.95 25,355 1,415.63 7,467.13 3.80 TRADE 26,976 872.74 8,218.16 20,903 669.17 8,383.94 2.02 68,113 1,478.47 9,334.43 11.34 28,706 1,486.78 10,406.32 11.48 Source: J&K BankAnnex (Pg. 2/2) Rajya Sabha Unstarred question no. 3608, regarding Frauds in J&K Bank Sector-wise details of loans sanctioned, outstanding (O/S) amount and growth thereof in J&K Bank (Amounts in Rs. Crore) Sector s n a o l fo .o N 2 2 0 2 n i d e n o itc n3 a2 s- ro f S / O tn u o m Ad e n o itc n a s 2 2 0 2 g n iru d s tn u o c c3 a2 - ro tc e s ro f S / O la to T 3 2 0 2 / 3 0 / o1 3 s n a % n i h tw o rG s n a o l fo .o N 3 2 0 2 n i d e n o itc n4 a2 s- ro f S / O tn u o m A d e n o itc n a s 3 2 0 2 g n iru d s tn u o c c4 a2 - ro tc e s ro f S / O la to T 4 2 0 2 / 3 0 / 1 3 n o s a % n i h tw o rG s n a o l fo .o N 4 2 0 2 n i d e n o itc n5 a2 s- ro f S / O tn u o m Ad e n o itc n a s 4 2 0 2 g n iru d s tn u o c c5 a2 - ro tc e s ro f l aS t/ oO T 5 2 0 2 / 3 0 / 1 3 n o s a % n i h tw o rG AGRICULTURE 38,765 1,187.18 9,474.02 9.45 2,01,321 1,518.57 9,421.60 -0.55 1,28,086 1,639.71 10,127.30 7.49 LOAN AGAINST DEPOSITS/GOLD 22,271 604.12 1,254.78 12.23 26,119 762.00 1,546.61 23.26 28,268 1,368.29 2,309.66 49.34 FINANCIAL MARKET/NBFC 23 6,681.54 8,778.11 98.38 15 3,999.94 11,286.00 28.57 20 3,632.98 11,164.02 -1.08 FOOD CREDIT 2 - 148.16 -5.63 1 - 139.46 -5.87 1 502.95 631.84 353.06 INFRASTRUCTURE 21 1,600.50 6,113.77 -0.53 25 2,417.69 7,771.03 27.11 28 6,560.40 11,699.54 50.55 MANUFACTURING 25,646 1,909.92 7,788.36 22.04 21,686 1,731.43 7,564.39 -2.88 15,934 1,035.23 7,352.68 -2.80 MICRO FINANCE 32,521 335.16 452.17 46.81 23,429 386.58 617.19 36.50 20,495 403.03 787.63 27.62 MINNING AND QUARRYING 8 1.45 42.46 -14.52 14 8.59 44.65 5.16 6 6.71 45.18 1.19 PERSONNEL FINANCE 2,41,493 9,081.79 32,074.55 15.13 2,59,640 10,037.21 37,008.00 15.38 2,55,940 9,839.34 40,652.32 9.85 REAL ESTATE 52 184.82 1,986.70 -12.36 42 186.08 1,351.84 -31.96 22 91.37 1,223.01 -9.53 SERVICE 34,511 1,820.90 7,267.99 -2.67 48,002 2,658.70 8,700.92 19.72 46,238 2,462.53 9,609.31 10.44 TRADE 33,647 1,018.88 10,774.57 3.54 29,777 1,028.29 11,530.30 7.01 20,447 739.34 11,382.29 -1.28 Source: J&K Bank *****