Wilful defaulters owe banks 64,300 cr

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Wilful defaulters owe over Rs 64,300 crore to public sector banks and 115 cases have emerged where bank officials have connived with the borrowers, the government said on Friday.

New Delhi : Wilful defaulters owe over Rs 64,300 crore to public sector banks and 115 cases have emerged where bank officials have connived with the borrowers, the government said on Friday.

Noting that the government is cognisant of the challenging situation due to non-performing assets (NPA), Minister of State for Finance Jayant Sinha informed the Lok Sabha that swift action on multiple dimensions is being taken to address the issue. Giving details of wilful defaulters who have borrowed more than Rs 25 lakh from various public sector banks, Sinha said there have been 7,265 such defaulters at the end of September.

The total defaulted loans by them stood at Rs 64,334.59 crore and FIRs have been filed in 1,624 cases involving a total amount of Rs 16,601.90 crore, the Minister said during Question Hour. Sinha said that in 115 cases, banks have reported connivance of bank officials with the borrowers.

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