new delhi mar 28 the government has asked all public sector banks psbs to obtain a certified copy of the passport of the promoters or directors and other authorised signatories of companies seeking loans of rs 50 crore and above parliament was informed today with a view to enable banks to inform relevant authorities of passport details if need arises vide letter dated march 6 2018 the government has advised all public sector banks to obtain a certified copy of the passport of the promotersdirectors and other authorised signatories of companies availing of loan facilities of rs 50 crore and above minister of state for finance shiv pratap shukla said in a written reply in the rajya sabha the minister said the government has also advised psbs that in existing cases where loans are of rs 50 crore and above banks may collect the passport details of the relevant authorised people in cases where the concerned person does not have passport a certificate in the form of declaration that he does not possess passport should suffice in lieu of passport details he said the above measure assumes significance for cases where big and wilful defaulters of bank loans flee the country smelling action against them to repay their dues the recent revelation of fraud amounting over rs 13000 crore at second largest public sector punjab national bank pnb is the trigger for the government to issue such an advisory to banks as nirav modi and mehul choksi the key persons to defraud the bankfled the country before investigations were launched against them in a separate question on recapitalisation of banks shukla said the government has infused capital of rs 51858 crore till the first half of the current financial year in october 2017 the government announced recapitalisation of psbs to the tune of rs 211 lakh crore over the current and next financial year of which rs 153 lakh crore will come via government recapitalisation and the balance through capital raising by banks themselves from markets as followup the government has made budget provisions of rs 88139 crore for the second half of 201718 and rs 65000 crore for 201819 and rs 775006 crore has been infused as capital in the second half of 201718 till 2332018 from the said budget provision for 201718 the minister said kpm mkj