Over 1,600 wilful defaulters owe Rs 1.62 lakh crore to PSU banks: Finance Ministry

In a major disclosure, the Ministry of Finance revealed that as of March 31, 2025, 1,629 company borrowers were identified as tired by public sector banks. These borrowers collectively condemn 1.62 rupees, according to joint information with Rajya sabha. Data are collected, except for borrowers abroad, based on reports from banks to the central warehouse of information on large credits (CRILC).

The Minister of State for Finance Pankaj Chaudhary said, “According to the data that public sector banks reported in the central warehouse of information on large credits (CRILC), as on March 31, 2025, 1,629 unique borrowers were ranked with the total loan of 1,62,961 rupees.” This highlights the size of the financial challenge facing the banking sector.

The government emphasized the measures taken against these defaulters, which include rejecting additional credit facilities and restrictions imposed on launching new projects for five years. It is also prohibited from companies associated with these faltering capital markets, which limits their ability to raise funds. This approach aims to deter backwardness in the future and maintain financial discipline.

The Indian Reserve Bank directives show banks to provide monthly lists of deliberate stumbling blocks for all credit information companies (CICS). These lists, which include loans worth $ 25, can be reached on companies like CIBIL and Experian. This transparency guarantees that stakeholders are good knowledge of potential risks.

Moreover, Pankaj Chaudhary pointed out that “banks may also start criminal measures against educated people in qualified cases.” This indicates the severity of the situation and the government’s commitment to address it. Legal procedures are a deterrent and enhance the accountability between borrowers.

In addition to local measures, the government deals with the faltering people who fled the country. Under the law of Economic Economists, nine individuals of the fleeing economic perpetrators were announced, with assets worth 15,298 rupees confiscated under the Law of Money Laundering (PMLA). This indicates the government’s intention to follow the perpetrators behind the national borders.

The Ministry of Finance also revealed that “the assets of up to 25,806.38 rupees (almost) were strengthened in bank fraud cases to the victims of the victims/ legal demands according to PMLA, which includes the amount of resources as well as the attached amount that was re -formulated during the trial before the approval.” This indicates a pre -emptive approach to recovering assets, ensuring that money is returned to the legal owners.

In general, the government intensifies efforts to reduce the backwardness of deliberate payment, which has significant impacts on the stability of the banking sector and economic health. The steps taken reflect focus on accountability and prevention of financial misconduct. In addition, the government was proactive in facing the challenges offered by international fallacies