Rs. 660-cr bank exposure to Satyam

This includes Rs. 373-crore bank guarantees/credits
HYDERABAD: As many as 18 banks, including public and private and foreign banks, have an exposure of Rs. 660.48 crore to the embattled Satyam Computer Services as on January 8. The details were compiled and sent to the Central Government by the Reserve Bank of India. Besides, the available data indicated an exposure of Rs. 773 crore to Maytas Infra by three banks.
While the loans extended to Satyam came to Rs. 287 crore by six banks, including Citibank, HDFC Bank, HSBC, and ICICI Bank, those who provided bank guarantees/credits to the tune of Rs. 373.47 crore included Bank of America, Bank of Baroda and BNP Paribas.
At least ten banks, mostly those in the public sector, have an investment exposure of Rs. 12.49 crore. The banks were taking necessary steps to safeguard their own interests vis-a-vis their exposure to Satyam, the RBI told the Government.
The RBI enquiries revealed that the IT giant had deposits of Rs. 78 crore by January 8, the day after the erstwhile Chairman, B. Ramalinga Raju, confessed to having fudged the accounts.