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SBI write off NPA’s wilful defaulters list vijay mallya topped

SBI write off NPA’s wilful defaulters list vijay mallya topped :- New Delhi: On Wednesday, as per the reports of Daily News and Analysis – SBI got Non-Performing Assets(NPA) worth Rs 7,016 crore off its books by writing off loans owed to it by 63 wilful defaulters. Almost Rs 1,201 crore dues are owed by Defunt Kingfisher Airlines – Vijay Mallya. Vijay Mallya tops the list of wilful defaulters.

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As per the documents which are accessed by DNA that 63 accounts have been fully written off, 31 partially written off and six have been shown as NPAs. SBI adjusted its balance sheets by moving the Rs 7,016 crore to an Advance Under Collection Account (AUCA).

The top wilful defaulters are as:

  • KS Oil (Rs 596 crore)
  • Surya Pharmaceuticals (Rs 526 crore)
  • GET Power (Rs 400 crore)
  • SAI Info System (Rs 376 crore).

Earlier, Enforcement Department has declared Liquor baron Vijay Mallya as a proclaimed offender. When banks moved to Supreme Court to seize the assests, Mallya has left the country. Kingfisher Airline owes a total of Rs 6,963 crores to 17 national banks.

As per the report of Indian Express that 29 state-owned banks wrote off a total of Rs 1.14 lakh crore of bad debts between financial years 2013 and 2015. State Bank of India topped the list by writing of bad debts worth Rs 40,084 crore in the last three financial years.

On Tuesday, the Parliamentary consultative committee constituted to study NPAs in the banking sector. The Parliamentary consultative committee has suggested that the government should name all the defaulters whose loans have been written off by state-owned banks.

As per the statement of Finance Minister that the committee members suggested that the name of all defaulters whose loans have been written off by the national banks made public, so there is no need for bringing more transparency in the system.

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