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Dues from wilful defaulters rose by Rs 100 cr per day since Covid-19 struck

Wilful defaulter dues up by Rs 1.2 trillion since the Covid-19 pandemic began. Some states have seen a larger rise than others

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1 min read Last Updated : Oct 27 2023 | 11:59 PM IST

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The outstanding amount due from wilful defaulters has risen at a pace of over Rs 100 crore daily since March 2019. The amount due from wilful defaulters has risen by at least Rs 1.2 trillion since March 2019, i.e. before the Covid-19 pandemic began to spread worldwide, starting with China around four years ago.

The total amount due has risen more than 50 per cent to Rs 3 trillion as of June 2023, according to data from TransUnion CIBIL. The data is updated by various financial institutions with varying frequency. The figures reflect the latest available numbers. The

Topics : Coronavirus Wilful defaulters willful loan defaulters sbi Indian Economy BS Number Wise

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