The government-owned Bank of Baroda (BoB) has issued a list of 200 entities it has declared 'wilful defaulters', with dues totalling Rs 2,212 crore.

Among these are Surya Vinayak and Sai InfoSystem. This list is for the period up to September 2016. Legal action for recovery remains a priority, said executives. Punjab National Bank (PNB), also government-owned, had earlier put out its list of wilful defaulters. According to the Reserve Bank of India (RBI), wilful default is deemed to have occurred when a borrower has not repaid despite capacity to do so. Also, there could be an element of diversion of funds for other purposes.


PNB's list had 934 entities, owing a combined Rs 11,000-odd crore, as of June 2016. Among these are defunct Kingfisher Airlines and its guarantors, United Breweries Holdings and United Spirits Chairman Vijay Mallya. Kingfisher owes Rs 1,500 crore to PNB.

Abhijit Lele/Business Standard