Wilful defaulters list – names and amounts of banks and borrowers: All you ever wanted to know

Wilful defaulters list: While Vijay Mallya and Kingfisher Airlines have been much in the news over the last few months over the alleged Rs 9,000 cr owed to lenders, according to reports as much as Rs 1.14 lakh crore of bad loans had been written off by public sector banks involving numerous defaulters between 2013 and 2015.

Wilful defaulters list: Finance Minister Arun Jaitley on Thursday said the banks will recover every penny of loan given to him. Jaitey, who was speaking at an event in New Delhi, said investigative agencies will take strong action against the liquor baron wherever he is found to have violated the law. Mallya, who has been declared a wilful defaulter, owes banks over Rs 9,000 crore.

For instance, in just one case, close to a third of Punjab National Bank’s gross non-performing assets (NPAs) of Rs 34,338 crore have resulted from wilful defaults. Of this amount of Rs 10,869 crore, the top 10 wilful defaulters together owe the New Delhi-headquartered bank Rs 3,554 crore. As at the end December last year, PNB had identified 904 companies as being wilful defaulters and filed cases against some of them. The number at the end of September 2015 was 764 companies and the value of unpaid loans then was Rs 9,204 crore.

Of cou

rse, there are dozens of other instances as severe. Here we reveal the names of banks and how much their exposure is as well as the names of borrowers and the amounts they owe. Check out the entire list: Wilful Defaulters List

Source: Financial Express


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