CRILC reportes 2623 wilful defaulters in country

Central Repository of Information on Large Credits (CRILC) has reported 2623 wilful defaulters in the country as on March this year, with borrowings of over one lakh 96 thousand crore rupees from Scheduled Commercial banks.  The Minister of State of Finance Dr. Bhagwat Kishanrao Karad, in a written reply in Lok Sabha today informed that such defaulters have loan of five crore rupees and above. He said, the willful defaulter has been allowed to enter into compromise settlement to enable multiple ...