Big defaulters like Nirav Modi, Vijay Mallya and Mehul Choksi of Punjab National Bank escaped from country now bank harassing tiny borrowers


Grievance Status for registration number : DEABD/E/2023/0057816

Grievance Concerns To

Name Of Complainant

Yogi M. P. Singh

Date of Receipt


Received By Ministry/Department

Financial Services (Banking Division)

Grievance Description

Financial Services (Banking Division) >> Fraud

Department/Bank/Financial Institute : Punjab National Bank

An application under Article 51A of the constitution of India regarding the big defaulters of the Punjab National Bank which is a nationalised bank of the Government of India.

There must be transparency and accountability in the working of a public authority and the Punjab National Bank is inviting the money of the common people so it's safeguard must be ascertained by them. Following big defaulters of the Punjab National Bank deliberately cheated the bank and it took place because of the rampant corruption in the working of the Punjab National Bank. It is obligatory duty of the government to ensure the protection of the interest of the tiny borrowers of the Punjab National Bank because this huge loss will be compensated from them by the corrupt bank staff in cryptic and mysterious way.

Whether any action has been taken by the Punjab National Bank to carry out the recovery of the borrowed money of these big defaulters? What is the current status of the recovery of the borrowed money from these big defaulters?

What action has been taken against the corrupt staff of the Punjab National Bank who are responsible for such a huge scam?

If the Punjab National Bank has closed this chapter then provide the reason of it.

There are several examples of harassment of tiny borrowers of the bank who are being harassed by the bank staff by decreasing the limit of the loan even when they are paying the interest timely and amount is less than the limit of the loan which has been sanctioned by the bank. Such harassment on the large scale by the Punjab National Bank is causing the human rights violations and violations of the consumer rights on the largest scale. Such practises must be stopped by the Punjab National Bank with care and attention. We people of this country expect from the government and the bank to take actions which must setup a precedent in future.

Punjab National Bank admits loan defaults of over Rs 25,000 crore.

The list goes beyond Nirav Modi and Mehul Choksi

Current Status

Grievance received   

Date of Action


Officer Concerns To

Forwarded to

Financial Services (Banking Division)

Officer Name


Organisation name

Financial Services (Banking Division)

Contact Address

2 ND Floor,Jeevan Deep Building Building, Sansad Marg New Delhi

Email Address

Contact Number


Reminder(s) / Clarification(s)

Reminder Date



The list goes beyond Nirav Modi and Mehul Choksi who scammed the bank out of Rs 14,000 crore. Kingfisher boss Vijay Mallya also features in the list. He owes Rs 597.4 crore to the bank on the defunct airline's account. Other defaulters include Kudos Chemie Ltd., Chandigarh for Rs 1,301.8 crore, Winsome Diamonds & Jewellery Ltd for Rs 899.7 crore, Jas Infrastructure & Power Ltd., Kolkata for Rs 410.9 crore, Zoom Developers Pvt. Ltd. Mumbai/Indore Rs 410.1 crore.

The All India Bank Employees Association General Secretary CH Venkatachalam said, It is not confined to one bank and all banks have such bad loan accounts. A bulk of defaulters are corporates or big companies and a forensic audit of all should be carried out. Why cannot the bank file criminal cases against the big-time wilful defaulters instead of merely civil suits which can drag on for years?


An anti-corruption crusader. Motive to build a strong society based on the principle of universal brotherhood. Human rights defender and RTI activist. Working for the betterment of societies and as an anti-corruption crusader for more than 25 years. Our sole motive is to raise the voices of weaker and downtrodden sections of the society and safeguard their human rights. Our motive is to promote the religion of universal brotherhood among the various castes communities of different religions. Man is great by his deeds and character.

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