Wilful defaulters owe Rs 66,000 cr to govt banks

The Minister of state for Finance Jayant Sinha has stated that there were 7,686 wilful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015. The number of wilful defaulters of Public sector banks, (PSBs) rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.

The total outstanding amount in top 100 non-performing accounts (NPAs) with PSBs was 1.73 lakh crore rupees as of December 2015. The total exposure of top 50 defaulters of PSBs as of December 2015 was Rs 1,21,832 crore. There were 1,365 borrower accounts having funded outstanding loans of Rs 500 crore and above at the end of 2015.

So let’s discuss some questions related to this post :
1. As per the recent data , How much amount of PSBs is owned by the wilful defaulters ?
2. Expand the term PSBs and NPAs ?

Courtesy : Business Standard


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