Country’s largest lender State Bank of India accounts for over 27% of the total amount owed to public sector banks by wilful defaulters. As many as 1,762 wilful defaulters owed ₹25,104 crore to SBI as on March 31, putting pressure on its balance sheet.
Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets of ₹12,278 crore. Together these two banks account for ₹37,382 crore or 40% of the total outstanding loans.
Total outstanding loans due to PSU banks by wilful defaulters amounted to ₹92,376 crore, according to the Finance Ministry data.
The total outstanding loans by wilful defaulters rose to ₹92,376 crore at the end of financial year 2016-17, from ₹76,685 crore at the end of last fiscal 2015-16, up 20.4%.
