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
|
|
|
|
KINGFISHER
AIRLINES
|
2673
|
|
|
WINSOME DIAMOND & JEWELLERY CO. LTD.
|
2660
|
|
|
ELECTROTHERM INDIA LIMITED
|
2211
|
|
|
ZOOM DEVELOPERS PRIVATE LIMITED
|
1810
|
|
|
STERLING BIO TECH LIMITED
|
1732
|
|
|
S. KUMARS NATIONWIDE LIMITED
|
1692
|
|
|
SURYA VINAYAK INDUSTRIES LTD.
|
1446
|
|
|
CORPORATE ISPAT ALLOYS LIMITED
|
1360
|
|
|
FOREVER PRECIOUS JEWELLERY & DIAMONDS
|
1254
|
|
|
STERLING OIL RESOURCES LTD.
|
1197
|
|
|
VARUN INDUSTRIES LIMITED
|
1129
|
|
|
ORCHID
CHEMICALS & PHARMACEUTICAL
LTD.
|
938
|
|
|
KEMROCK INDUSTRIES & EXPORTS LTD.
|
929
|
|
|
MURLI INDUSTRIES & EXPORTS LIMITED
|
884
|
|
|
NATIONAL AGRICULTURAL CO-OPERATIVE
|
862
|
|
|
STCL LIMITED
|
860
|
|
|
SURYA PHARMA PVT. LTD.
|
726
|
|
|
ZYLOG SYSTEMS (INDIA) LIMITED
|
715
|
|
|
PIXION MEDIA PVT. LIMITED
|
712
|
|
|
DECCAN CHRONICLE HOLDINGS LIMITED
|
700
|
|
|
K.S. OIL RESOURCES LTD.
|
678
|
|
|
ICSA (INDIA) LTD.
|
646
|
|
|
INDIAN TECHNOMAC CO. LTD.
|
629
|
|
|
CENTURY COMMUNICATION LIMITED
|
624
|
|
|
MOSER BAER INDIA LTD. & GROUP
COMPANIES
|
581
|
|
|
PSL LIMITED
|
577
|
|
|
ICSA INDIA LIMITED
|
545
|
|
|
LANCO HOSKOTE HIGHWAY LIMITED
|
533
|
|
|
HOUSING DEVELOPMENT & INFRA LTD.
|
526
|
|
|
MBS
JEWELLERS PVT. LTD.
|
524
|
|
|
EUROPEAN PROJECTS AND AVIATION LTD.
|
510
|
|
|
LEO MERIDIAN INFRA PROJECTS
|
488
|
|
|
PEARL STUDIOS PVT. LTD.
|
483
|
|
|
EDUCOMP INFRASTRUCTURE & SCHOOL MAN
|
477
|
|
|
JAIN INFRAPROJECTS LIMITED
|
472
|
|
|
KMP EXPRESSWAY LIMITED
|
461
|
|
|
PRADIP OVERSEAS LIMITED
|
437
|
|
|
RAJAT PHARMA/ RAJAT GROUP
|
434
|
|
|
BENGAL INDIA GLOBAL INFRASTRUCTURE LTD.
|
428
|
|
|
STERLING SEZ & INFRASTRUCTURE PVT.
LTD.
|
408
|
|
|
SHAH ALLOYES LTD.
|
408
|
|
|
SHIV VANI OIL AND GAS EXPLORATION LIMITED
|
406
|
|
|
ANDHRA PRADESH RAJIV SWAGRUHA CORP. LTD.
|
385
|
|
|
PROGRESSIVE CONSTRUCTIONS LTD
|
351
|
|
|
DELHI AIRPORT MET EX LTD.
|
346
|
|
|
GWALIOR JHANSI EXPRESSWAY LIMITED
|
346
|
|
|
ALPS INDUSTRIES LIMITED
|
338
|
|
|
STERLING
PORT LIMITED
|
334
|
|
|
ABHIJEET FERROTECH LIMITED
|
333
|
|
|
SUJANA UNIVERSAL INDUSTRIES
|
330
|
40,528
|
List
released by General Secretary, AIBEA
Thanks for share such useful informations
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