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Detailed explanation-1: -India’s largest public sector bank State Bank of India, topped this list with ₹ 2 lakh crore of write-offs, followed by Punjab National Bank (PNB) with ₹ 67, 214 crore. Among private lenders, ICICI Bank wrote off the highest ₹ 50, 514 crore of loans, followed by HDFC at ₹ 34, 782 crore.

Detailed explanation-2: -At Rs 7, 848 crore, Gitanjali Gems, founded by now-fugitive businessman Mehul Choksi, was the biggest defaulter.

Detailed explanation-3: -Further, information shared by the ministry of finance shows that Gitanjali Gems Ltd, owned by fugitive businessman Mehul Choksi, remains the top wilful defaulter with an outstanding of Rs7, 848 crore as of 31 March 2022.

Detailed explanation-4: -Punjab National Bank, Vijaya Bank, Central Bank of India, Syndicate Bank, Bank of India, Canara Bank & State Bank of Mauritius.

Detailed explanation-5: -These wilful defaulters are ABG Shipyard Ltd, Concast Steel & Power Ltd, EMC Ltd, Rohit Ferro-Tech Ltd, Best Foods Ltd, Coastal Projects Ltd, Wind World (I) Ltd, Era Infra Engineering Ltd, BS Ltd, Rei Agro Ltd and Raj Rayon Industries Ltd, ” Mr Velankar says.