Public banks took action against 5,954 wilful defaulters
Twenty-one public sector banks have taken loan recovery action under SARFAESI Act against 5,954 wilful defaulters owing about â¹70,000 crore till the end of March 31, according to the Finance Ministry. The SBI alone has taken action against 1,444 defaulters with outstanding loans of â¹20,943 crore. Notably, all wilful defaulters combined owe public sector banks as much as â¹92,376 crore.