Public sector lender Punjab National Bank (PNB) has declared a list of 904 willful defaulters, including Winsome Diamonds & Jewellery and Zoom Developers that owe close to Rs 11,000 crore to the lender.
Delhi-based bank recently declared defunct Kingfisher Airlines and its guarantors United Breweries Holdings and United Spirits chairman Vijay Mallya as willful defaulters. Kingfisher Airlines owes Rs 1,500 crore to PNB. The bank plans to sell up to Rs 3,000 crore worth of bad loans to asset reconstruction companies (ARCs) in the ongoing quarter of this financial year.
As per the list put out by PNB, some of the prominent defaulters include Winsome Diamonds & Jewellery, which owes Rs 900.37 crore, Forever Precious Jewellery & Diamonds (Rs 747.98 crore), Zoom Developers (Rs. 410.18 crore), Nafed (Rs. 224.26 crore) and S Kumar Nationwide (Rs. 146.82 crore).
Company Name | CMP |
---|---|
SBI | 817.85 |
Bank Of Baroda | 261.25 |
PNB | 125.05 |
Canara Bank | 113.80 |
Union Bank Of India | 139.15 |
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