Saturday, June 7, 2014

Bank NPAs: More loan defaulting cos under CBI glare

........According to the list of defaulters released by All India Bank Employees Association (AIBEA) last month, Rajat Pharma/Group has not paid loans of around Rs 434 crore. Similarly, Century Group has not paid loans of around Rs 624 crore. AIEBA has released list of 406 defaulter accounts amounting to Rs 70,300 crore, against whom banks have initiated legal action. The top fifty defaulters have unpaid loans of about Rs 40,528 crore. However, Kingfisher Airlines, which is topping the defaulter list with Rs 2,673 crore unpaid loans, is yet to face any action from CBI........

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