Defaulters of Rs 1 crore and above owe over Rs 47,000 crore to banks and financial institutions as on March 31, 2011, Parliament was informed today.
According to the list of people who defaulted over Rs 1 crore and above in payments to various lenders, a total of 4,102 defaulters owe Rs 47,594.31 crore, Finance Minister Pranab Mukherjee said in a written reply in the Rajya Sabha.
According to the RBI data, the number of defaulters having an outstanding amount of Rs 10 crore and above (non-suit filed accounts) of financial institutions as on March 31, 2011, stood at 723. They owe Rs 26,165.51 crore, he said.
The suit-filed accounts of Rs 1 crore and above involved an amount of Rs 21,428.80 crore.
The Minister said in order to improve the health of the financial sector, the government and the RBI have taken various steps.
This includes prescribing prudential norms for provisioning and classification of non-performing assets, guidelines for prevention of slippages, corporate debt restructuring and other restructuring schemes.
To another query, Minister of State for Finance Namo Narain Meena said PSU banks have granted Rs 14,12,542.71 crore worth loans to industrial houses as of March 31, 2010.
On deposits, Meena said about Rs 1,723.24 crore worth of such funds are lying with commercial banks as on December 31, 2010.
