1913 wilful defaulters together owe Rs 1.46 LAKH CRORE to banks as on Jun 2020: RBI
Agencies
December 17, 2020
Hyderabad, Dec 17: The Reserve Bank of India (RBI) has said there are 1,913 wilful defaulters, who together owed Rs 1.46 lakh crore to banks as on June 2020.
Pune-based RTI activist Vivek Velankar had filed the RTI application with RBI to get information on wilful defaulters.
He said, The information shared by RBI reveals that there are 264 wilful defaulters who defaulted on a loan of Rs 100 crore and above owe Rs 1,08,527 crore to banks.
Sharing with UNI, the RBI information to Mr Velankar, All India Bank Employees Association (AIBEA) General Secretary Ch Venkatachalam on Thursday said, While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also live life king-size without any worry or fear of any action