Top 20 Loan Defaulters List by All India Bank Employee Assosiation
The union in its statement to the media, demanded that the banks should recover bad loans from wilful defaulters.
Online, March 7, 2014 (Newswire.com) - All India Bank Employees Union (AIBEA), has published the list of top 20 Business corporate defaulters. The union in its statement to the media, demanded
that the banks should recover bad loans from wilful defaulters. Finance Minister P Chidambaram and Reserve Bank of India Governor, Raghuram Rajan have
repeatedly expressed concern at the rising NPA's.
Chidambaram said the government had put as many as 30 top NPAs in each PSU under watch and wanted that these vertical to be headed by officials of general
manager rank.
Citing statistics he also said NPAs amounted to as much as 14 per cent in the year 2000 while they reduced to 2.09 per cent between 2006-2010. As of June
this year, the gross NPAs stood at 3.89 per cent. The rise in NPAs he said was steadily increasing because of the economic downturn.
The list as released by AIBEA is as under
BORROWER LOAN NOT REPAID
1. Kingfisher Airlines `2,673
2. Winsome Diamond & Jewellery Co. Ltd. `2,660
3. Electrotherm India Limited `2,211
4. Zoom Developers Private Limited `1,810
5. Sterling Bio Tech Limited `1,732
6. S. Kumars Nationwide Limited `1,692
7. Surya Vinayak Industries Ltd. `1,446
8. Corporate Ispat Alloys Limited `1,360
9. Forever Precious Jewellery & Diamonds `1,254
10. Sterling Oil Resources Ltd. `1,197
11. Varun Industries Limited `1,129
12. Orchid Chemicals & Pharmaceutical Ltd. `938
13. Kemrock Industries & Exports Ltd. `929
14. Murli Industries & Exports Limited `884
15. National Agricultural Co-Operative `862
16. STCL Limited `860
17. Surya Pharma Pvt. Ltd. `726
18. Zylog Systems (India) Limited `715
19. Pixion Media Pvt. Limited `712
20. Deccan Chronicle Holdings Limited `700