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PNB sees 2% rise in wilful defaults to about Rs 15K cr in Feb

Press Trust of India  |  New Delhi 

The dues by scam-hit PNB's big wilful defaulters grew to Rs 14,904.65 crore in February, up 2.1 per cent from the previous month, according to the data.

These wilful defaulters, who have taken loans of Rs 25 lakh and above, had total outstanding of Rs 14,593.16 crore in January.

started listing the names of such wilful defaulters and the loans outstanding against them from last June.

Within the first nine months, these defaults have seen 25 per cent jump, from Rs 11,879.74 crore in June 2017.

Among the major wilful defaulters are Rs 1,301.82 crore; Rs 597.44 crore; Jas infrastructure and - Rs 410.96 crore; - Rs 296.08 crore and - Rs 158.16 crore.

All these companies were given loan as part of a consortium by

Of the others in the list include Winsome Diamonds and Jewellery Rs 899.70 crore; Zoom Developers Rs 410.18 crore; Apple Industries Rs 248.34 crore; Nafed - Rs 224.24 crore and S Kumar Nationwide Rs 146.82 crore.

For third quarter ended December of last fiscal, the bank's gross non-performing assets (NPAs) stood at Rs 57,519.41 crore or 12.11 per cent of the gross advances as on December 31, 2017.

In 2016-17, the gross NPAs or bad loans were 12.53 per cent of the gross advances at Rs 55,370.45 crore.

Hit by the Rs 13,000 crore fraud, has been trying to clean up its books. Multiple agencies are working on bringing back the alleged and his uncle of Gitanjali Gems, who had fled the country.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 20:50 IST
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