Business Standard

Wilful defaults Rs 62,000 crore higher than before Covid pandemic

Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June

banking
Premium

Banks saw an of Rs 3,613.28 crore in what wilful defaulters owed them in the quarter

Sachin P Mampatta Mumbai
The Indian banking system's latest record on wilful defaulters shows a Rs 62,970 crore, or around 10 per cent, increase in the additional amount outstanding since the pandemic began. The total outstanding amount increased to Rs 6.85 trillion in June from Rs 6.22 trillion in December 2019 (see chart 1), shows a Business Standard analysis of numbers from the TransUnion CIBIL database.. India recorded its first case of Covid-19 in January 2020.The amount outstanding to wilful defaulters had touched a post-pandemic peak of Rs.7.6 trillion in December 2020 (or Rs 1.4 trillion more than pre-pandemic levels). The latest numbers are

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 25 2021 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com