Thursday, December 5, 2013

LIST OF SOME TOP BANK LOAN DEFAULTERS IN PUBLIC SECTOR BANKS

PRESS RELEASE                                                                   5-12-2013
                                                                                           
                                                                                        Place:…………….
                      
 5th December, 2013 – All India Demands Day

Ø  Against alarming increase in bad loans in Banks

Ø  Opposing the corporate loot of public money

Ø  Demanding stringent measures to recover the bad loans

Ø  TO STOP THE LOOT OF PUBLIC MONEY AND START RECOVERY OF BAD LOANS
Ø  TO KICK OUT BAD LOANS BEFORE THEY KILL THE BANKS

All India Bank Employees Association, the oldest and the largest trade union of bank employees in India representing more than 5 lacs of bank employees working in public sector banks, private banks, foreign banks, co-operative Banks and Regional Rural Banks is observing 5th December, 2013 as All India Demands Day to highlight the issue of huge increase in the bad loans in the Banks.

Increasing bad loans – effect of banking reforms:  Banks are dealing with the hard-earned savings of the people and today, the total Deposits in the Banks in India have crossed Rs. 75 lacs crores.  This precious money of the people needs to be safeguarded and guaranteed by proper regulations in the Banks.  But the in the name of reforms and liberalisation, banking regulations are being de-regulated.  One of the main adverse effect of this de-regulation is the increase in bad loans in the Banks where the big borrowers take loans from the Banks and do not repay. 

Year
Bad Loans/NPAs in Public Sector Banks
31.03.2008
39,030 crores
31.03.2009
44,954 crores
31.03.2010
59,927 crores
31.03.2011
74,664 crores
31-03-2012
117,000 crores
31-3-2013
1,64,461 crores
31-3-2013  PSBs +  Private/Foreign Banks
1,94,000 crores



Bad Loans in Public Sector Banks
(March 2008)             
Rs. 39,000 crores
Bad Loans in Public Sector Banks
(March 2013)                 
Rs. 1,64,000 crores
Bad Loans restructured
& shown as good loans        
Rs. 3,25,000 crores
Fresh Bad loans in the last 7 years
Rs. 4,95,000 crores
Profits transferred and adjusted
for provisions towards bad loans (2008 to 13)
Rs. 1,40,000 crores:
 Bad Loans in 172 Corporate Accounts (Rs.100 crores and above)
Rs.    37,194 crores
Bad Loans in top 30 bad loan accounts in 25 Public Sector Banks
Rs. 64,000 crores
Bad Loans in 7295 Accounts  
(Rs. 1 crore & above)                 
Rs.   68,262 crores
Bad loans written off in the last 7 years                            
Rs. 1,40,000 crores


Every year fresh bad loans are increasing in the Banks:

Fresh/new NPAs during 2009-10
44,818 Crores
Fresh/new NPAs during 2010-11
58,226 Crores
Fresh/new NPAs during 2012-13
92,808 Crores
Fresh/new NPAs during 2012-13
1,19,613 Crores
FRESH BAD LOANS IN THE LAST 4 YEARS
3,15,465 Crores







Huge profits are diverted to provide for bad loans in the Banks:

                                                                                              Rs in crores

YEAR

GROSS PROFIT

BEFORE PROVISIONS FOR BAD LOANS

PROVISIONS MADE FOR BAD LOANS/NPAs

 

PUBLISHED NET PROFIT

2008-09

45,494

11,121

34,373

2009-10

57,293

18,036

39,257

2010-11

74,731

29,830

44,901

2011-12

87,691

38,177

49,514

2012-13

93,684

43,102

50,582

2008 TO 2013

3,58,893

1,40,266

2,18,627

2012-13

(Private Banks )

36,163

7168

28995


All India Demands Day on 5th December, 2013 :  

To highlight the danger of growing bad loans and Non-performing loans in the Banks, we are observing All India Demands Day on 5th December, 2013 by badge wearing, rallies, etc.  with the following demands. 

  • Publish the list of Bank Loan Defaulters of Rs. 1 crore and above
  • Make Willful default of bank loan a criminal offence
  • Order investigation to probe nexus and collusion
  • Amend Recovery Laws to speed up recovery of bad loans
  • Take stringent measures to recover bad loans
  • Do not incentivise corporate delinquency

AIBEA to publish the list of bank loan defaulters:

Since the RBI or the Government is not publishing the list of loan defaulters, AIBEA will shortly publish a Booklet containing the names of the top 30 defaulters in each Bank.  Names of some of the top defaulters of Bank loans are given overleaf.

Since bad loans and write off is a loot of public money, we seek the support of the people in our campaign to safeguard the public money in the Banks.
………………..

General Secretary



 
 
ALL INDIA BANK EMPLOYEES’ ASSOCIATION

LIST OF SOME TOP BANK LOAN DEFAULTERS IN PUBLIC SECTOR BANKS
                        
                           (Rupees In Crores)
                                                                     

BORROWER
LOAN NOT REPAID

  1.  
KINGFISHER  AIRLINES
2673

  1.  
WINSOME DIAMOND & JEWELLERY CO. LTD.
2660

  1.  
ELECTROTHERM INDIA LIMITED
2211

  1.  
ZOOM DEVELOPERS PRIVATE LIMITED
1810

  1.  
STERLING BIO TECH  LIMITED
1732

  1.  
S. KUMARS NATIONWIDE LIMITED
1692

  1.  
SURYA VINAYAK INDUSTRIES  LTD.
1446

  1.  
CORPORATE ISPAT ALLOYS LIMITED
1360

  1.  
FOREVER PRECIOUS JEWELLERY & DIAMONDS
1254

  1.  
STERLING OIL RESOURCES  LTD.
1197

  1.  
VARUN INDUSTRIES  LIMITED
1129

  1.  
ORCHID  CHEMICALS  & PHARMACEUTICAL LTD.
938

  1.  
KEMROCK INDUSTRIES & EXPORTS LTD.
929

  1.  
MURLI INDUSTRIES & EXPORTS LIMITED
884

  1.  
NATIONAL AGRICULTURAL CO-OPERATIVE
862

  1.  
STCL LIMITED
860

  1.  
SURYA PHARMA PVT. LTD.
726

  1.  
ZYLOG SYSTEMS (INDIA) LIMITED
715

  1.  
PIXION MEDIA PVT. LIMITED
712

  1.  
DECCAN CHRONICLE HOLDINGS LIMITED
700

  1.  
K.S. OIL RESOURCES LTD.
678

  1.  
ICSA (INDIA) LTD.
646

  1.  
INDIAN TECHNOMAC CO. LTD.
629

  1.  
CENTURY COMMUNICATION LIMITED
624

  1.  
MOSER BAER INDIA LTD. & GROUP COMPANIES
581

  1.  
PSL LIMITED
577

  1.  
ICSA INDIA LIMITED
545

  1.  
LANCO HOSKOTE HIGHWAY LIMITED
533

  1.  
HOUSING DEVELOPMENT & INFRA LTD.
526

  1.  
MBS  JEWELLERS  PVT. LTD.
524

  1.  
EUROPEAN PROJECTS AND AVIATION LTD.
510

  1.  
LEO MERIDIAN INFRA PROJECTS
488

  1.  
PEARL STUDIOS PVT. LTD.
483

  1.  
EDUCOMP INFRASTRUCTURE & SCHOOL MAN
477

  1.  
JAIN INFRAPROJECTS LIMITED
472

  1.  
KMP EXPRESSWAY LIMITED
461

  1.  
PRADIP OVERSEAS LIMITED
437

  1.  
RAJAT PHARMA/ RAJAT GROUP
434

  1.  
BENGAL INDIA GLOBAL INFRASTRUCTURE LTD.
428

  1.  
STERLING SEZ & INFRASTRUCTURE PVT. LTD.
408

  1.  
SHAH ALLOYES LTD.
408

  1.  
SHIV VANI OIL AND GAS EXPLORATION LIMITED
406

  1.  
ANDHRA PRADESH RAJIV SWAGRUHA CORP. LTD.
385

  1.  
PROGRESSIVE CONSTRUCTIONS LTD
351

  1.  
DELHI AIRPORT MET EX LTD.
346

  1.  
GWALIOR JHANSI EXPRESSWAY LIMITED
346

  1.  
ALPS INDUSTRIES LIMITED
338

  1.  
STERLING  PORT LIMITED
334

  1.  
ABHIJEET FERROTECH LIMITED
333

  1.  
SUJANA UNIVERSAL INDUSTRIES
330


40,528
List released by General Secretary, AIBEA


1 comment:

Susil Tripathy said...

Thanks for share such useful informations