Over Rs 68,600-crore loans of wilful defaulters – RBI says
Do you know the amount of loans waived off by public sector banks in the last five financial years? ..more than the annual budget of more than half of the states in the country. Literally Nine Lakh Ninety One Thousand Six Hundred and Forty Crores.. Out of which State Bank of India alone has written off Rs. 2,04,486 Lakh Crores of debt.. 1.86 Crore people who could not repay their loans due to illness or other reasons while running small businesses. If the total amount of loans taken is Rs.1.41 lakh crores, it is noteworthy that the total amount of loans of the top 810 people out of 5,400 people who have avoided taking loans of Rs.100 crores is Rs.2.41 lakh crores.
The calculation does not stop here. It is increasing every year. So far Rs.9.91 lakh crore have been identified by banks as non-performing assets and removed from the records. Even after this write-off, the center has announced that the process of debt collection from defaulters will continue. Bank employees’ unions are complaining that all this is in name and banks are not serious about collecting loans from them.
It is alleged that not only while giving loans but also for loan waiver, some top executives of banks are helping the evaders. Pune-based Vivek Velankar recently complained to the vigilance commissioner that if an ordinary employee has all the qualifications and applies for a personal loan or a home loan, the banks that are putting up challenging loans are granting loans easily to the evaders. Hundreds of documents have been submitted as evidence. However, Velankar expressed his concern that there is no benefit and the poor do not have the facilities that the rich have in this country.
Hundreds of willful defaluters
While there are thousands of loan evaders in the Telugu states as well as across the country, there are hundreds of people who have deliberately evaded them. A study by the Reserve Bank has shown that over 90 percent of the debtors in Telugu states who owe more than Rs.100 crore are deliberately evading. According to information obtained under RTI.. as on 31st December 2021 there are 2,237 willful evaders across the country. They took Rs.1,84,863.32 Lakh Crores from the banks with pre-decided debt avoidance.
The Reserve Bank recently released the list of these 2,278 willful evaders under the Right to Information Act. “I asked the names of those who wanted to avoid taking loans from public sector banks. RBI has given that list with great difficulty. According to the information, 312 big willful defaulters have evaded loans of Rs 100 crore and above. The dues of all of them together are Rs.1.41 lakh crore. Vivek Velankar from Pune said that the RBI says that cases have been registered against all these evaders. He has been campaigning for details of loan defaulters for a year. After collecting all the evidence, he identified 25 willful evaders across the country and lodged a complaint with organizations like CBI and ED. In the name of customer data privacy..
