Central Bank of India reports ₹1.44 lakh crore in defaults
after close1 source ↓written by the desknot a recommendation
- in loan defaults
- ₹1.44 lakh crore
- to reclaim dues
- 4,903 recovery cases
- largest defaulter
- ₹25,299 crore
- across the sector
- ₹29 lakh crore
Central Bank of India is facing ₹1.44 lakh crore in loan defaults from large corporate borrowers, indicating rising stress in the banking sector. The bank has filed 4,903 recovery cases to reclaim dues, with the Videocon Group as the largest defaulter at ₹25,299 crore. This situation reflects broader challenges in public sector banking, with total defaults exceeding ₹29 lakh crore across the sector.
Not investment advice. For informational purposes only.