Finance Ministry sources have told CNBC-TV18 that Satyam does not have more than Rs 150 crore worth deposits with banks.
According to Finance Ministry sources, Satyam does not have deposits of more than Rs 150 crore with banks. These deposits could include both fixed deposits and current accounts and these deposits are distributed among PSU banks, private sector banks and foreign banks.
PSU banks, Finance Ministry sources tell us, have an exposure of Rs 2000 crore to all Satyam subsidiaries, associates and joint ventures. However, they say that this exposure is secure and the security is worth Rs 2,800 crore against this exposure.
These securities are in the form of receivables, property and shares. Also, Finance Ministry sources reported that PSU banks have zero exposure to Satyam.
Therefore, it can be concluded that Satyam continues to have deposits of Rs 150 crore with banks in India.