Thursday, February 4, 2021

Banks wrote off Rs 62,000 cr loans of top 100 wilful defaulters as of March 20: RBI tells RTI activist

Data the Reserve Bank of India shared with Right to Information Act activist Biswanath Goswami showed that Mehul Choksi-owned Gitanjali Gems was the top wilful defaulter, accounting for Rs 5,071 crore of non-performing assets (NPA). Banks wrote off Rs 622 crore of the firm’s loans.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-wrote-off-rs-62000-cr-loans-of-top-100-wilful-defaulters-as-of-march-20-rbi-tells-rti-activist/articleshow/80691379.cms

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