As many as 369 big defaulters, with an outstanding of Rs100 crore and more, owe more than Rs1.39 lakh crore to scheduled commercial banks and all India financial institutes (AIFI). Gitanjali Gems Ltd, owned by fugitive businessman Mehul Choksi, remains the top wilful defaulter with an outstanding of Rs8,065 crore as of 31 March 2023, reveals a reply received under the Right to Information (RTI) Act.
While public sector banks (PSBs) continue to refuse to share names of big defaulters citing confidentiality of customer data , information shared by the Reserve Bank of India (RBI), reveals that just 312 big defaulters owe more than 76% or Rs1,41,583.50 crore of the total bad loans.
Scheduled commercial banks (SCBs) have written off non-performing assets (NPAs) worth over Rs9.92 lakh crore during the last five financial years (FYs)
Scheduled commercial banks (SCBs) have written off non-performing assets (NPAs) worth over Rs9.92 lakh crore during the last five financial years (FYs)
Reserve Bank of India sends banks second list of 26 loan defaulters for insolvency proceedings Reserve Bank of India sends banks second list of 26 loan defaulters for insolvency proceedings The Reserve Bank Of India (RBI) Has Sent Commercial Banks A Second List Of At Least 26 Defaulters To Be Referred To The National Company Law Tribunal (NCLT) For Which Insolvency Proceedings Should Be Initiated, Three Bankers Aware Of The Development Said. News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 30 Aug 2017, 11:20:16 AM New Delhi: The Reserve Bank of India (RBI) has sent commercial banks a second list of at least 26 defaulters to be referred to the National Company Law Tribunal (NCLT) for which insolvency proceedings should be initiated, three bankers aware of the development said.
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