'Wilful defaulters still to pay over Rs 64,300 crore to banks'

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Wilful defaulters owe more than Rs 64,300 crore to public sector banks and 115 cases have emerged where bank officials connived with the borrowers, the Government said on Friday. Minister of State for Finance Jayant Sinha informed the lok Sabha that as of now, total NPAs across the entire banking system for scheduled commercial banks are Rs 3.47 lakh crore, even as he noted that the Government is cognisant of the challenging situation due to non-performing assets.  Providing details of wilful defaulters who have borrowed over Rs 25 lakh from various public sector banks, Sinha said there have been 7,265 such defaulters at the end of September.   

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