Fifty companies owe more than Rs 40,000 crore to banks, Kingfisher Airlines tops list

As much as 25 per cent of the total non-performing assets (NPAs) in public sector banks (excluding SBI) is accounted for by 50 corporates with Kingfisher Airlines and Winsome Diamond topping the list. The combined default by the 50 corporates totalled to Rs 40,528 crore of bank loans. The total NPAs of public sector banks stood at Rs 1,64,461 crore. 

Read Full Story>>