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Tuesday, June 14, 2016

Punjab National Bank (PNB) declares a list of 913 wilful defaulters as on March 31, 2016


Punjab National Bank (PNB), the nation's second biggest state-run lender, on Tuesday June 14,2016 declared a list of 913 wilful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs 11,486 crore.

Punjab National Bank (PNB) has added eight defaulters to its February list to take the number of wilful defaulters to 913 as on March 31, 2016.

The large wilful defaulters, according to the list published by Punjab National Bank (PNB), include embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore

The list, however, was topped by Winsome Diamonds and Jewellery with an outstanding of Rs 900.06 crore

The other big defaulters include Zoom Developers with an outstanding of Rs 410.18 crore and NAFED with an outstanding of Rs 224.26 crore.

The other major wilful defaulters include Apple Industries (Rs 248.33 crore), MBA Jewellers (Rs 266.17 crore), Ramsarup Group companies (Rs 410.62 crore), S Kumar Nationwide (Rs 146.82 crore) and Rana group companies (Rs 169.36 crore)

Punjab National Bank (PNB) in the fiscal ending March 31 had made a provision of Rs 18,366.83 crore towards bad loans that led to a net loss of Rs 3,974.39 crore for the fiscal

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