1913 wilful defaulters together owe Rs 1.46 LAKH CRORE to banks as on Jun 2020: RBI

Agencies
December 17, 2020

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Hyderabad, Dec 17: The Reserve Bank of India (RBI) has said there are 1,913 wilful defaulters, who together owed Rs 1.46 lakh crore to banks as on June 2020.

Pune-based RTI activist Vivek Velankar had filed the RTI application with RBI to get information on wilful defaulters.

He said, "The information shared by RBI reveals that there are 264 wilful defaulters who defaulted on a loan of Rs 100 crore and above owe Rs 1,08,527 crore to banks.

Sharing with UNI, the RBI information to Mr Velankar, All India Bank Employees' Association (AIBEA) General Secretary Ch Venkatachalam on Thursday said, 'While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also 'live life king-size' without any worry or fear of any action due to the the banks, especially the public sector banks (PSBs), turning a blind eye on these lapses.'

He said there are 23 defaulters with an outstanding of over Rs 1,000 crore and their dues accrue to Rs 43,324 crore.

Wilful defaulters who owe between Rs 500 crore to Rs 1,000 crore to banks are 34 and their outstanding is Rs 22,105 crore.

There are 207 wilful defaulters in the Rs 100 crore to Rs 500 crore default range and together they owe Rs 43,095 crore to Public Sector Banks.

RBI told Mr Velankar that the concerned banks have filed cases to recover their dues from these wilful defaulters. While RBI shared this information under the RTI, Mr Velankar felt since banks are submitting these lists of wilful defaulters under a regulatory mandate, the central bank should suo motu publish this information on its website to create awareness among citizens and bank customers.

Topping the wilful defaulters' list is Mehul Choksi's scam-hit company Gitanjali Gems Limited, which owed Rs 5,747.05 crore, besides other group companies, Gili India Limited and Nakshatra Brands Limited, which had taken loans of Rs 1,446 crore and Rs 1,109.16 crore, respectively.

The second on the list is REI Agro Limited, with an amount of Rs. 3,516 crore, and its Directors Sandip Jhujhunwala and Sanjay Jhunjhunwala are already under the scanner of the Enforcement Directorate (ED) for the past more than a year.

The next on the list is Frost International Limited with an outstanding of Rs 3,097.64 crore.

It is followed by the absconding diamantaire Jatin Mehta's Winsome Diamonds & Jewellery owing Rs 2,975.73 crore and which is being probed by the Central Bureau of Investigation (CBI) for various bank frauds.

Kanpur-based writing instruments giant, Rotomac Global Private Limited, part of the famed Kothari group, is next on the list with an outstanding of Rs 2,530.95 crore.

The others among the top-10 wilful defaulters include, Kudos Chemie, Punjab (Rs 1,948.12 crore), ABG Shipyard Limited (Rs 1,874.90 crore), Transstroy (India) Limited (Rs 1,861.11 crore) and Forever Precious Jewellery and Diamonds Private Limited (Rs1,653.25 crore).

Another bad-boy of bank defaults, Vijay Mallya’s Kingfisher Airlines Limited is at the 15th place on the list with dues of Rs 1,335.26 crore.

Interestingly, the outstanding debts are higher compared with the information shared by the All India Bank Employees Association (AIBEA) in July this year, Mr Venkatachalam said.

As part of its nationwide campaign to celebrate the bank nationalisation day, the AIBEA had released a list of wilful defaulters of the PSBs.

The Mehul Choksi-owned Gitanjali Gems Limited, with its default of Rs. 4,644 crore to the Punjab National Bank (PNB) topped the list.

It was followed by ABG Shipyard Limited (Rs1,875 crore, owed to the State Bank of India-SBI), REI Agro Limited (Rs 1,745 crore, UCO Bank), Ruchi Soya Industries Limited (Rs1,618 crore, SBI), Gili India Limited (Rs1,447 core, PNB), Winsome Diamonds & Jewellery Limited (Rs 1,390 crore, Central Bank of India CBI), Kudos Chemie Limited (Rs1,301 crore, PNB), Nakshatra Brands Limited (Rs 1,109 crore, PNB), Coastal Projects Limited (Rs 984 crore, SBI) and Winsome Diamonds & Jewellery Limited (Rs 892 crore, PNB).

These top 10 defaulters together had an outstanding of Rs 17,005 crore to state-run lenders.

Information provided by RBI to Mr Velankar does not reveal names of the banks who had given these loans, the top union leader however said, data shared by AIBEA shows that among the 17 public sector lenders, SBI has the highest number of wilful defaulters at 685, who together had defaulted on loans of Rs 43,887 crore.

It is followed by PNB, which has 325 wilful defaulters with an outstanding of Rs 22,370 crore.

The data shared by the bank employees’ union, however, has no information about wilful defaulters in Union Bank of India (UBI) and IDBI Bank Limited.

Earlier, UBI, which had written off Rs. 26,027 crore as bad loans in past years, have stalled an RTI query from Mr Velankar on recoveries and on sharing names of big defaulters’ whose bad debt of Rs 100 crore and above were written off.

"Public sector banks as well as the union government need to show some willingness and take steps to recover these dues from wilful defaulters. In fact, if the cases against wilful defaulter are decided in a fast-track court, then just from 264 wilful defaulters, banks can recover over Rs 1.08 lakh crore," Mr Velankar, who is also the president of the Sajag Nagrik Manch, said.

Comments

chan
 - 
Friday, 18 Dec 2020

it also means that those bankers are incapable of doing proper due diligence of borrowers and choosing honest right borrowers.
Or the bankers colluded & connived with borrowers and looted the banks;

In any case, those bank officials should be booked and brought before law equally as hard core criminals on par with those dishonest defaulting borrowers .

Over all, blame the govt, RBI for their lame laws, policies & people

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News Network
December 3,2025

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IndiGo, India’s largest airline, is battling one of its worst operational disruptions in recent years, with hundreds of delays and cancellations throwing domestic travel into chaos.

Government data on Tuesday showed its on-time performance plunging to 35%, an unusual dip for a carrier long associated with punctuality.

By Wednesday afternoon, airports in Delhi, Mumbai, Bengaluru and Hyderabad had collectively reported close to 200 cancellations, stranding travellers across the country.

Crew Shortage After New Duty Norms

A major trigger behind the meltdown is a severe crew shortage, especially among pilots, following the rollout of revised Flight Duty Time Limitation (FDTL) norms last month.

The rules mandate longer rest hours and more humane rosters — a shift IndiGo has struggled to incorporate across its vast network.

Sources said several flights were grounded due to lack of cabin crew, while some delays stretched upwards of eight hours.

With IndiGo controlling over 60% of India’s domestic aviation market, the ripple effect has impacted airports nationwide.

IndiGo Issues Apology, Lists “Compounding Factors”

In a statement, IndiGo acknowledged the large-scale disruption:

“We sincerely apologise to customers. A series of unforeseen operational challenges — technology glitches, winter schedule changes, adverse weather, system congestion and updated FDTL norms — created a compounding impact that could not have been anticipated.”

To stabilise operations, the airline has begun calibrated schedule adjustments for the next 48 hours, aiming to restore punctuality. Affected passengers are being offered refunds or alternate travel arrangements, IndiGo said.

What the FDTL Rules Require

The FDTL norms, designed to reduce pilot fatigue, cap duty and flying hours as follows:
•    Maximum 8 hours of flying per day
•    35 hours per week
•    125 hours per month
•    1,000 hours per year

Crew must also receive rest equalling twice the flight duration, with a minimum 10-hour rest period in any 24-hour window.

The DGCA introduced these limits to enhance flight safety.

Hyderabad: 33 Flights Cancelled, Long Queues Reported

Hyderabad’s Rajiv Gandhi International Airport saw heavy early-morning crowds as 33 IndiGo flights (arrivals and departures) were cancelled.

The airport clarified on X that operations were normal, advising passengers to contact IndiGo directly for latest flight status.

Cancellations included flights to and from Visakhapatnam, Goa, Ahmedabad, Delhi, Bengaluru, Chennai, Madurai, Hubli, Bhopal and Bhubaneswar.

Bengaluru: 42 Flights Disrupted

Bengaluru’s Kempegowda International Airport recorded 42 cancellations — 22 arrivals and 20 departures — affecting routes to Delhi, Mumbai, Chennai, Hyderabad, Goa, Kolkata and Lucknow.

Passengers Vent on Social Media

Irate travellers took to X to share their experiences. One passenger stranded in Hyderabad wrote: “I have been here since 3 a.m. and missed an important meeting.”

Another said: “My flight was pushed from 1:55 PM to 2:55 PM and now 4:35 PM. I was informed only three minutes before entering the airport.”

Delhi Airport Hit by Tech Glitch

At Delhi Airport, the disruption deepened due to a slowdown in the Amadeus system — used for reservations, check-ins and departure control.

The technical issue led to longer queues and sluggish processing, adding to delays already worsened by staff shortages.

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News Network
December 1,2025

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Udupi, Dec 1: A horrific case of alleged rape has unfolded in Udupi, where a worker from a Hindutva organisation, previously arrested and released on bail for harassing a young woman, is now accused of waylaying and sexually assaulting her.

The arrested individual has been identified as Pradeep Poojary (26), a member of the Hindu Jagarana Vedike's Nairkode unit in Perdur.

Poojary had allegedly been relentlessly harassing the young woman, pressuring her to marry him. When she bravely stood up to him and refused his demands, she filed a formal complaint at the Hiriyadka police station. He was subsequently arrested in that initial harassment case but was later granted bail.

According to police reports, driven by the same malicious grudge, Poojary allegedly intercepted the woman again on November 29. While she was walking through a deserted area, the accused is claimed to have threatened her by grabbing her neck. When she again refused to marry him, he allegedly proceeded to rape her.

The survivor immediately informed her family about the traumatic assault. Following this, her parents lodged a complaint at the Udupi women’s police station.

Police arrested Poojary again and produced him before the court. He has since been remanded to judicial custody.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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