Sunday, August 26, 2018

Liabilities of defaulters' dues to PNB drop by 1.8% to Rs 151.75 bn in July

Liabilities of big willful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month, according the state-run's bank data. Big willful defaulters are those who took loans of over Rs 25 lakh from the bank. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year. Among major defaulters who took loans solely from PNB included Winsome Diamonds & Jewellery Rs 899.70 crore; Forever Precious Jewellery & Diamonds Ltd Rs 747.97 crore; Zoon Developers Rs 410.18 crore; Shree Sidhbali Ispat Rs 165.98 crore; Ramsarup Nirmaan Wires Rs 148.10 crore; S Kumar Nationwide Rs 146.82 crore. Among others were Ramsarup Industrial Corporation Rs 133.20 crore; Ramsarup Lohh Udyog Rs 129.34 crore; Mahuaa Media Rs 104.86 crore; KG Corporation Rs 98.92 crore and Vishal Exports Overseas Rs 98.39 crore. Those who borrowed money through a consortium lending from several banks were Kudos Chemie Rs 1,301.82 crore, ...

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