Photo: MintNew Delhi: Public sector banks have reported 20% jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than Rs92,000 crore at the end of March this year. The outstanding loans by wilful defaulters rose to Rs92,376 crore at the end of financial year 2016-17, as against Rs76,685 crore at the end of March 2016, registering a jump of 20.4%. At the same time, there has been close to 10% increase in number of wilful defaulters on annual basis. During 2016-17, 27 public sector banks, including SBI and its five associates have written off Rs81,683 crore, the highest in the last five fiscals. RBI also allowed banks to name and shame wilful defaulters by publish their photographs.

Source: Mint August 15, 2017 09:33 UTC