As of May, there were 12,000 accounts that have borrowed Rs 25 lakh or more and have defaulted. These include some big corporates
The amount owed by wilful defaulters to Indian banks has risen more than 10-fold over the past decade from Rs 23,000 crore on March 31, 2012 to Rs 2.4 lakh crore on May 31 this year.
Data from TransUnion Cibil, a credit-information company, shows that the defaults had increased significantly during the lockdown to touch Rs 2.6 lakh crore in March 2021, but have since come down a little.
Data from TransUnion Cibil, a credit-information company, shows that the defaults had increased significantly during the lockdown to touch Rs 2.6 lakh crore in March 2021, but have since come down a little.