Over 2,000 industrialists owe ₹3.9 lakh crore to banks
There are as many as 2,071 industrialists whose loan accounts have an outstanding amount of ₹3.89 lakh crore, turning them into non-performing assets (NPAs), the Parliament was informed on Tuesday. All these industrialists had taken loans worth ₹50 crore or more. Earlier, data revealed that public sector banks have seen a 16% rise in number of wilful defaulters.