Nearly 5 mn in default of Rs 1 lakh crore to PSBs

Last Updated: Thu, Jul 05, 2012 19:10 hrs

Nearly five million debtors have defaulted in repaying loans totalling a little more than Rs 1 lakh crore from various nationalised banks in the country, a right to information query has revealed.

The information was provided by individual banks to Om Prakash Sharma, an RTI activist and a former National Council member of the Bharatiya Janata Party.

The State Bank of India tops the list, accounting for 32 per cent of the total defaulted amount and 36.3 per cent of the defaulters. A compilation of the information received indicated the debtors numbered 49,24,611 and the defaulted amount was Rs 1,00,155 crore.

The State Bank of India has a total of 17,88,125 defaulters and the amount is Rs 32,534 crore. Punjab National Bank stands second with Rs 9,632 crore, accounting for 0.09 per cent of the total defaulted amount, followed by Union Bank of India with Rs 7,615 crore.

As for the number of defaulters, Union Bank of India is second (5,50,733) after Bank of India, 3,43,220. There are six banks with amount between Rs 3,000 and Rs 4,000 crore, four with between Rs 2,000 and Rs 3,000 crore, seven with between Rs 1,000 and Rs 2,000 crore and three with less than Rs 1,000 crore.

It was revealed there were 969 debtors who defaulted in repaying over Rs 10 crore each, adding up to Rs 27,000 crore. The State Bank of India has 370 non-performing assets, while Bank of India has 139 and Union Bank of India 93.

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