Nearly 12,000 wilful defaulters have siphoned off more than Rs 1,60,256 crore from both public sector and private sector banks, co-operative banks, foreign banks operating in India and other financial institutions. This latest figure (as on December 31, 2017) of the Credit Information Bureau (India) Limited (CIBIL) does not include defaulters of major banks like State Bank of India.

As per the CIBIL’s list, the amount of total wilful default with above Rs 25 lakh but below Rs 1 crore stands at around Rs 69,279 crore while that of wilful defaulters having outstanding of above Rs 1 crore is more than Rs 90,976 crore.

What is shocking is that only six PSU Banks have submitted data to CIBIL about their defaulters above Rs 1 crore as on December 31, 2017. They are Allahabad Bank, Andhra Bank, Bank of Baroda, Central Bank of India, Dena Bank and Union Bank. In the list of Rs 1 crore and above defaulters, more than Rs 46,306 crore dues stand out against these six PSUs.

Wilful defaulters are the unit or borrowers, who intentionally do not make repayments of loans to its/their lenders despite having the capacity to make payments, divert the loan to use it for other purposes than what the loan was taken for and disposed or sold off properties given as a security during the loan.

According to top banking officials, these figures might go very high if the defaulters’ data from SBI and its recently merged seven associate banks are included. SBI’s total wilful default is estimated to be around Rs 28,000 crore.

The total amount of wilful default against private sector banks above Rs 1 crore stands at more than Rs 25,090 crore. However, the CIBIL list does not show the quantum of default against ICICI Bank in the above Rs 1 core category.

Among the six PSU banks which have declared the list of defaulters having dues above Rs 1 core, Andhra Bank has a liability of Rs 9,903 crore, followed by Bank of Baroda (Rs 9,6660 crore), Central Bank of Indian (Rs 8,523 crore) and Allahabad Bank (Rs 8,084 crore).

Among the private banks in the dues above Rs 1 crore defaulting category, Axis Bank has outstanding liability of Rs 9,907 crore followed by HDFC Bank with dues of Rs 3,509 crore.

Among the foreign banks operating in Indian, Standard Chartered Bank has the highest dues of Rs 5,725 crore followed by Citi Bank with dues of Rs 1,167 crore.

The scam-hit Punjab National Bank (PNB) has declared that their liability in the above Rs 25 lakh and up to Rs 1-crore category is more than Rs 12,574 crore. In this category, the PNB is having the highest value of defaulting. However, the PNB has not submitted its default dues in above Rs 1 crore category to CIBIL. The PNB is followed by Bank of India with Rs 6,104 crore and Bank of Baroda with Rs 5,342 crore in the public sector banks category.

Out of more than Rs 69,000 crore dues of small time defaulters in the range of Rs 25 lakh to Rs 1 crore, majors shares goes to PSU banks with more than Rs 53,444 crore. The private sector banks have only defaulting value of more than Rs 12,814 crore in this category.

In this category, Kotak Mahindra Bank tops the list with more than Rs 7,134 crore. ICIC Bank is having default of more than Rs 1,040 crore and Axis Bank Rs 1,866 crore.

The CIBIL is maintaining three categories of defaulters and NPA related cases. The first is wilful defaulters ranging between Rs 25 lakh and Rs 1 crore, the second is the list of wilful defaulters and suit filed in cases above Rs 1 crore. These two categories are open to public scrutiny. The third category is on the non-suit filed category, which is not open to public category. The RBI had told the Supreme Court that in the interest of business, the list of defaulters having above Rs 500 crore dues cannot be made public.