Top 20 Loan Defaulters List by All India Bank Employee Assosiation

Online, March 7, 2014 (Newswire.com) - All India Bank Employees Union (AIBEA), has published the list of top 20 Business corporate defaulters. The union in its statement to the media, demanded

that the banks should recover bad loans from wilful defaulters. Finance Minister P Chidambaram and Reserve Bank of India Governor, Raghuram Rajan have

repeatedly expressed concern at the rising NPA's.

Chidambaram said the government had put as many as 30 top NPAs in each PSU under watch and wanted that these vertical to be headed by officials of general

manager rank.

Citing statistics he also said NPAs amounted to as much as 14 per cent in the year 2000 while they reduced to 2.09 per cent between 2006-2010. As of June

this year, the gross NPAs stood at 3.89 per cent. The rise in NPAs he said was steadily increasing because of the economic downturn.

The list as released by AIBEA is as under

BORROWER LOAN NOT REPAID

1. Kingfisher Airlines `2,673

2. Winsome Diamond & Jewellery Co. Ltd. `2,660

3. Electrotherm India Limited `2,211

4. Zoom Developers Private Limited `1,810

5. Sterling Bio Tech Limited `1,732

6. S. Kumars Nationwide Limited `1,692

7. Surya Vinayak Industries Ltd. `1,446

8. Corporate Ispat Alloys Limited `1,360

9. Forever Precious Jewellery & Diamonds `1,254

10. Sterling Oil Resources Ltd. `1,197

11. Varun Industries Limited `1,129

12. Orchid Chemicals & Pharmaceutical Ltd. `938

13. Kemrock Industries & Exports Ltd. `929

14. Murli Industries & Exports Limited `884

15. National Agricultural Co-Operative `862

16. STCL Limited `860

17. Surya Pharma Pvt. Ltd. `726

18. Zylog Systems (India) Limited `715

19. Pixion Media Pvt. Limited `712

20. Deccan Chronicle Holdings Limited `700