From Mehul Choksi's Gitanjali Gems to ABG Shipyard, top-50 defaulters owe over ₹87,000 crore to lenders
India's top 50 loan defaulters owe ₹87,295 crore to banks; Gitanjali Gems is the biggest defaulter.
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India's top 50 loan defaulters owe ₹87,295 crore to banks; Gitanjali Gems is the biggest defaulter.
The finance ministry on Tuesday said top 50 wilful defaulters including Gitanjali Gems Limited, Era Infra Engineering Limited, REI Agro Limited, and ABG Shipyard Limited owe Rs 87,295 crore to banks and financial institutions. Of this, top 10 wilful defaulters owe Rs 40,825 crore to schedule commercial banks (SCBs), Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
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The Reserve Bank has imposed a penalty of Rs 65 lakh on city-based AP Mahesh Co-operative Urban Bank, for non-compliance with provisions of Cyber Security Framework for Primary (Urban) cooperative banks, Hyderabad Police said on Saturday.