Minister of state for Finance Jayant Sinha has said that there were 7,686 wilful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015. In a written reply in the Rajya Sabha, Mr Sinha said, the number of wilful defaulters of Public sector banks, (PSBs) rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore. Mr Sinha also said that the total outstanding amount in top 100 non-performing accounts (NPAs) with PSBs was 1.73 lakh crore rupees as of December 2015.The Minister added that the total exposure of top 50 defaulters of PSBs as on December 2015 was Rs 1,21,832 crore. In another reply, he said there were 1,365 borrower accounts having funded outstanding loans of Rs 500 crore and above at the end of 2015. He further said that the government has taken specific measures to address issues where the incidence of non-performing assets (NPAs) is high.Earlier, Reserve Bank of India governor Raghuram Rajan had said that it would be wrong to assume mala fide in all cases where loans turn into bad debts.
News On AIR | May 4, 2016 8:13 AM
Wilful defaulters owe over Rs 66000 cr to state-run banks: Govt