BoB declares 200 borrowers as wilful defaulters

The government-owned Bank of Baroda (BoB) has issued a list of 200 entities it has declared ‘wilful defaulters’, with dues totalling Rs 2,212 crore.

Among these are Surya Vinayak and Sai InfoSystem. This list is for the period up to September 2016. Legal action for recovery remains a priority, said executives. 

Punjab National Bank (PNB), also government-owned, had earlier put out its list of wilful defaulters. According to the Reserve Bank of India (RBI), wilful default is deemed to have occurred when a borrower has not repaid despite capacity to do so. Also, there could be an element of diversion