10% rise in wil­ful de­fault­ers in FY17

India Business Journal - - NEWS ROUND-UP -

Public sec­tor banks (PSBs) re­ported a 20 per cent jump in out­stand­ing loans by al­most 9,000 wil­ful de­fault­ers in 2016-17. The out­stand­ing loans by wil­ful de­fault­ers rose to Rs 92,376 crore at the end of 2016-17 as against Rs 76,685 crore in 2015-18, regis­ter­ing a jump of 20.4 per cent. Dur­ing the same pe­riod, there was close to 10 per cent in­crease in num­ber of wil­ful de­fault­ers from 8,167 in FY16 to 8,915 in FY17, ac­cord­ing to data col­lated by the Fi­nance Min­istry.

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