Banks Took Action Against 5,954 Wilful defaulters
Written by : SMTV24x7 | Sun, Aug 27, 2017, 05:14 PM
New Delhi Aug 27: A data has been revealed recently.The data relates to banking sector
* 21 banks together have taken action against 5,954 wilful defaulters under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act.
* The action was taken to recover Rs 70,000 crore loan given by lenders.
* SBI has taken action against 1,444 such defaulters with an outstanding loan of Rs 20,943 crore.
* Remaining 20 banks have taken action against 4,510 wilful defaulters with an outstanding loan of Rs 48,496 crore.
* The total outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of the financial year 2016-17.
* The total loans unrecovered stood at Rs 76,685 crore at the end of fiscal 2015-16.
* The total unrecovered dues has increased by 20.4 per cent.
* The total number of wilful defaulters are 8,915 people.