Bad loans: RBI reveals top 20 defaulters of PSBs account for Rs 2.36 lakh crore
According to the central bank data, top 20 defaulters of public sector banks have Rs 2.36 lakh crore non-performing assets (NPAs), which is about 50% of the total loan exposure of Rs 4.69 lakh crore to the top 20 borrowers as of fiscal 2018-end. However, in case of private banks, the defaults by top 20 defaulters are 34% of the loan exposure of Rs 1.31 lakh crore to the top 20 borrowers.
The RBI data shows that in the last three years, due to the huge bad loan pile-up, the PSU banks have become cautious regarding loan exposure to the top 20 borrowers. Image source: Reuters