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Top 10 wilful defaulters owe ₹40,635 cr to banks, says FM
Financial Express Chandigarh
|March 17, 2026
TOP 10 WILFUL defaulters including ABG Shipyard, Gitanjali Gems, and Housing Development and Infrastructure owe ₹40,635 crore to banks as of March 31, 2025, Parliament was informed on Monday.
ABG Shipyard tops the list with ₹6,695 crore due to banks followed by Gitanjali Gems ₹6,236 crore, Beta Napthol ₹5,268 crore and Rakeshkumar Kuldipsingh Wadhawan ₹4,291 crore, Finance Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
Besides, erstwhile directors of Bhushan Power & Steel owe ₹3,810 crore, Raza Textiles ₹3,260 crore, Gilt Pack ₹3,080 crore, Rank Industries ₹2,655 crore and Housing Development and Infrastructure ₹2,540 crore to banks.
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