Overview

• Public sector banks have identified 1,629 corporate borrowers as wilful defaulters owing over ₹1.62 lakh crore as of March 31, 2025
• RBI master directions require banks to submit monthly defaulter lists to all credit information companies for public display
• Wilful defaulters are prohibited from obtaining additional loans, launching new ventures for five years, and accessing capital markets
• Banks have been empowered under RBI directives to initiate criminal proceedings against eligible wilful defaulters
• Enforcement agencies have seized more than ₹15,298 crore under the Prevention of Money Laundering Act and ₹750 crore under the Fugitive Economic Offenders Act, and restituted about ₹25,806 crore to banks and claimants