PNB names wilful defaulters owing Rs. 11,486 crore

New Delhi: Punjab National Bank, the second biggest state-run lender in India, on Tuesday issued a list of 913 wilful defaulters (including Kingfisher Airlines), with total outstanding dues of Rs. 11,486 crore.

Punjab National Bank (PNB) has added 8 defaulters to its February list to elevate the number of wilful defaulters to 913 as recorded on 31st March, 2016.

The huge wilful defaulters, in accordance with the list published by Punjab National Bank, include Kingfisher Airlines of the castled businessman Vijay Mallya with an outstanding of Rs. 597.44 crore.

The list was topped by Winsome Diamonds and Jewellery that stood at an outstanding of Rs. 900.06 crore. On the other hand, Forever Precious Jewellery & Diamonds stood at an outstanding of Rs 747.98 crore.

The other large defaulters include Zoom Developers standing at an outstanding of Rs. 410.18 crore and NAFED standing at an outstanding of Rs. 224.26 crore.

The other major wilful defaulters include MBA Jewellers (Rs 266.17 crore), Apple Industries (Rs 248.33 crore), S Kumar Nationwide (Rs 146.82 crore) Ramsarup Group companies (Rs 410.62 crore) and Rana group companies (Rs 169.36 crore).

 

About PNB:

Vision: To become a leading global bank with Pan India footprints and be a household brand in the Indian subcontinent providing a whole range of financial services and products under one single roof.

 

Mission: The mission is plain and simple. It says, “Banking for the unbanked”.

Policies and commitments:

• Greivance Redressal Policy
• Customer Rights Policy
• Customer Compensation Policy
• Citizen's Charter
• Model Policy on Bank Depsoits
• Know Your Customer
• Banking Ombudsman
• Cheque Collection Policy
• Right to Information Act
• Whistle Blower Policy for Bank
• Vigilance
• Business Continuity Plan
• Policy for General Management of Branches

 

PNB Share Price Forecast:

 

PNB Share Price opened at Rs. 91.15 and closed at Rs. 90.

 

The intraday high for the PNB share was recorded as Rs. 91.55, on the other hand the intraday low was recorded as Rs. 89.50.

 

For more Support and Resistance Levels of PNB, Please visit PNB Share Price Forecast.