Wednesday 4 May 2016

Total exposure of top 50 defaulters of PSBs stood at Rs.1.21 lakh crore

The total exposure of top 50 defaulters of PSBs as on December 2015 was Rs. 1,21,832 crore, Jayant Sinha reportedly said in a written reply in the Upper House.

Minister of State for Finance Jayant Sinha stated that the number of wilful defaulters of PSBs rises to 7,686 from 5,554 in three years to December 2015, according to reports.

The total exposure of top 50 defaulters of PSBs as on December 2015 was Rs. 1,21,832 crore, Jayant Sinha reportedly said in a written reply in the Upper House. 

Sinha stated there were 1,365 borrower accounts having funded outstanding loans of Rs 500 crore.

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