Banks write off â¹516-crore bad loans of 38 wilful defaulters
State-owned banks have written off bad loans worth â¹516 crore owed by 38 wilful defaulters in the first half of 2017-18, according to Finance Ministry data. Wilful defaulters are defaulters who are unwilling to pay despite their paying capacity. Notably, SBI had the highest amount of wilful defaults amounting to â¹27,716 crore till December 2017, according to CIBIL data.