Punjab National Bank declares list of 913 wilful defaulters; Kingfisher Airlines owes Rs 597.44 cr

Zee Media Bureau

New Delhi: State-owned Punjab National Bank on Tuesday declared the list of 913 wilful defaulters which included the now-defunct Vijay Mallya's Kingfisher Ailrines and NAFED.

The total outstanding dues owed by the 913 defaulters to the bank stood at Rs 11,486 crore.

Earlier in February, PNB had declared a list of about 900 wilful defaulters including Winsome Diamonds & Jewellery, Zoom Developers and Nafed, which owe close to Rs 11,000 crore to the lender.

 

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

The bank had in February declared beleaguered Kingfisher Airlines and its guarantors UB Holdings and Vijay Mallya as a wilful defaulters.

The list, however, was topped by Winsome Diamonds and Jewellery with an outstanding of Rs 900.06 crore. Forever Precious Jewellery & Diamonds had an outstanding of Rs 747.98 crore.

 

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

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.

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).  

 

With PTI Inputs