New Delhi: Vijay Mallya-promoted Kingfisher Airlines has emerged as the country's top non-performing asset (NPA) after it has failed to repay loans of over Rs 4,000 crore borrowed mainly from state-owned banks. It highlights the woes of lenders saddled with bad debt and in need to raise Rs 2.4 lakh crore over the next five years to meet the economy's growing funding needs.
Together, the top 50 defaulters had outstanding of over Rs 53,000 crore at the end of December 2013, the period for which data was submitted to the finance ministry.
17/07/14 Sidhartha/Times of India
To Read the News in full at Source, Click the Headline
Together, the top 50 defaulters had outstanding of over Rs 53,000 crore at the end of December 2013, the period for which data was submitted to the finance ministry.
17/07/14 Sidhartha/Times of India
