Large defaulters owe BOI INR 96,512 crore
Among the PSU banks with large defaulters, Bank of India (BOI) stands in ninth position with dues ranging to INR96,512 crore. According to the data of the rating agency TransUnion CIBIL, up to January 2026, Bank of India has filed 2,833 suits in courts across the country for recovery from the big companies.
Bank of India’s biggest defaulter is Venugopal Dhoot, and his brother, former Shiv Sena MP Rajkumar Dhoot, headed Videocon Group. The group companies Videocon Oil Ventures and Videocon Industries took 15 loans ranging from INR9,606 crore. Videocon Group took loans from several banks, with the maximum of INR25,299 crore from the Central Bank of India.
The second largest defaulter of Bank of India is Kanpur-based Frost International with dues of INR4,235 crore. The company is now facing an insolvency case, and promoter Rajesh Bothra is charged by the CBI for bank fraud and siphoning of bank loans. The third largest defaulter is Rolta India Limited (INR3,190 crore), Rotomac Global (INR3,129 crore), followed by McNally Bharat Engineering (INR3,031 crore).
Insolvency, CBI, and ED cases facing Era Infra Engineering have three loans from Bank of India, totalling dues of INR2,682 crore. The company promoted by Hem Singh Bharana is facing more than 1,000 cases for cheating home buyers and also facing charges of siphoning of bank loans to the British Virgin Islands.
Other large defaulters of Bank of India are Mumbai-based Future Retail Limited (INR2,024 crore), Innoventive Industries (INR1,380 crore), Nagpur-based Gupta Coal India (INR1,370 crore), Delhi-based Castex Technologies (INR1,270 crore) and Hyderabad-based East Cost Energy (INR1,242 crore).
Defaulting companies with dues in the range of INR600 to INR1,000 crore are Nagarjuna Oil Corporation (INR992 crore), ECI Engineering & Construction (INR874 crore), and Mumbai-based Rajat Pharamchem (INR789 crore), Raipur-based Vandana Vidyut (INR786 crore), Anil Ambani’s Reliance Communication and Reliance Telecom (INR777 crore).
Other names figured in TransUnion CBIL’s large defaulters list include Rotomac Exports (INR720 crore), Bengaluru-based Cranes Software International (INR708 crore), Patna-based Shrenuj and Company (INR674 crore), Chennai-based Thalaivar Steels (INR652 crore), Ahmedabad-based Sadbav Engineering (INR637 crore) and Mumbai-based Ashapura Garments (INR614 crore).
The large defaulters list of Bank of India also includes all bank plunders like Lanco Group (INR375 crore), promoted by former Congress MP L Rajagopal and former TDP Rayapati Sambasiva Rao’s Transtroy (INR260 crore). Like other banks, Bank of India has no recoverable collateral from the companies in the large defaulter list, except these collapsed companies’ shares, which have no value now.
