State Bank of India (SBI) has ranked Number 1 in the list of public sector banks with the highest number of wilful defaulters stood at 1164. Total amount outstanding in the bank was INR 11,705 crore according to the Finance Ministry. PNB came in second with 904 defaulters owing INR 10869. Indian Overseas Bank bucked the trend with number of wilful defaulters shrinking to 70 in 2015 from 517 in 2012.Total amount in outstanding public sector banks has shot up to INR 66190 crore in 2015 and INR 27749 crore in 2012.
The top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as on December 2015. Giving this information in Rajya Sabha, minister of state for finance Jayant Sinha said the number of wilful defaulters of 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 exposure of top 50 defaulters of PSBs as on December 2015 was Rs 1,21,832 crore," he said in a written reply in the Upper House.
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