Top 50 wilful defaulters in India owe Rs 92,570 crore to banks: MoS Karad

Karad also said that in the last five years, the banks in India have written off loans worth Rs 10.1 trillion

As of March, top 50 wilful defaulters in India owed Rs 92,570 crore to the banks, Minister of state for finance Bhagwat Karad told the Lok Sabha on Monday. At Rs 7,848 crore, Gitanjali Gems, founded by now-fugitive businessman Mehul Choksi, was the biggest defaulter. 

Era Infra Engineering (Rs 5,879 crore), Rei Agro (Rs 4,803 crore), Concast Steel and Power (Rs 4,596 crore), ABG Shipyard (Rs 3,708 crore), Frost International (Rs 3,311 crore), Winsome Diamonds and Jewellery (Rs 2,931 crore), Rotomac Global (Rs 2,893 crore), Coastal Projects (Rs 2,311 crore) and Zoom Developers (Rs 2,147 crore) are the other big