(FE)
Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed today. Banks had reported Rs 8,191 crore as loan outstanding against Mallya as on December 31, 2016, Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Rajya Sabha.
“As reported by PSBs, amount of Rs 155 crore has been recovered by conducting online mega auction by selling from seized properties from defaulting loan borrower Vijay Mallya,” Gangwar said. He was responding to a question about outstanding loan dues against Mallya and recovery actions being taken.
