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Six PSU banks issued 1,071 look-out circulars against defaulters in last 5 years

Six PSU banks issued 1,071 look-out circulars against defaulters in last 5 years
indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.

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India has 2,623 Loan Defaulters; 10 Account for Rs 40,000 Crore

2,623 individuals owe the banks a sum of Rs 1.96 lakh crore 10 among them are high-value defaulters who alone owe Rs 40,000 crore to banks.

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Big, bad loans hit a record high in India

This raises questions about political interference, corruption and accountability of officials. Read more at straitstimes.com.

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SC ruling could help lenders recover ₹1 6-lakh crore from promoters of defaulting firms

SC ruling could help lenders recover ₹1 6-lakh crore from promoters of defaulting firms
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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306 Big Wilful Defaulters, with an Outstanding of Rs100 Crore and above Owe Nearly Rs1 40 Lakh Crore to Banks

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.

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