RBI wrote off Rs 68,600-cr loans of wilful defaulters
RBI wrote off Rs 68,600-cr loans of wilful defaulters, including Choksi, Kingfisher Airlines: RTI
Baba Ramdev and Balkrishna's group company Ruchi Soya's Rs 2,212 cr also written off Web Desk April 28, 2020 17:09 IST
54-Mehul-Choksi
Mehul Choksi | Amey Mansabdar
The Reserve Bank of India (RBI) has written off a staggering Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi's Gitanjali Gems and Vijay Mallya's Kingfisher Airlines, till September 2019. The RBI said the amount (Rs 68,607 crore) comprises outstanding and the amounts technically/prudentially written off till September 30, 2019.
The details were revealed by the RBI in an RTI reply to activist Saket Gokhale. In its response, the apex bank released the names of the top 50 defaulting firms and the amount owed by each company. Choksi's Gitanjali Gems is the first among the 50 top defaulters with a massive sum of Rs 5,492 crore written off by the RBI. This is besides the other group companies, Gili India Ltd and Nakshatra Brands Ltd, which had taken loans of Rs 1,447 crore and Rs 1,109 crore respectively.
Saket Gokhale
@SaketGokhale
After @nsitharaman refused to answer Wayanad MP @RahulGandhi's question on top 50 willful defaulters in the Lok Sabha, I'd filed an RTI asking the same question.
The RBI responded to my RTI with a list of willful defaulters (and the amount owed) as of 30th Sep, 2019.
Baba Ramdev and Balkrishna's group company Ruchi Soya's Rs 2,212 cr also written off Web Desk April 28, 2020 17:09 IST
54-Mehul-Choksi
Mehul Choksi | Amey Mansabdar
The Reserve Bank of India (RBI) has written off a staggering Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi's Gitanjali Gems and Vijay Mallya's Kingfisher Airlines, till September 2019. The RBI said the amount (Rs 68,607 crore) comprises outstanding and the amounts technically/prudentially written off till September 30, 2019.
The details were revealed by the RBI in an RTI reply to activist Saket Gokhale. In its response, the apex bank released the names of the top 50 defaulting firms and the amount owed by each company. Choksi's Gitanjali Gems is the first among the 50 top defaulters with a massive sum of Rs 5,492 crore written off by the RBI. This is besides the other group companies, Gili India Ltd and Nakshatra Brands Ltd, which had taken loans of Rs 1,447 crore and Rs 1,109 crore respectively.
Saket Gokhale
@SaketGokhale
After @nsitharaman refused to answer Wayanad MP @RahulGandhi's question on top 50 willful defaulters in the Lok Sabha, I'd filed an RTI asking the same question.
The RBI responded to my RTI with a list of willful defaulters (and the amount owed) as of 30th Sep, 2019.
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