India's top 50 loan defaulters: Mehul Choksi leads the pack
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Content Team
Image Credit: india times
India's top 50 loan defaulters owe a whopping Rs. 87,295 crore to banks and financial institutions, with fugitive diamantaire Mehul Choksi's Gitanjali Gems topping the list as the biggest wilful defaulter. According to a written reply by Bhagwat Karad, Minister of State for Finance, to the Rajya Sabha, the top 10 defaulters alone owe Rs. 40,825 crore to scheduled commercial banks (SCBs).
