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Vijay Mallya arrest: List of 17 banks waiting for him

The 17 banks have paid nearly Rs 7,000 crore (excluding interest) to the liquor baron

SNS | New Delhi | Updated :

Liquor baron Vijay Mallya was arrested by the Scotland Yard in London on Tuesday following India’s request for his extradition in financial irregularities and loan default case. Mallya owes Rs 9,000 (including taxes) to 17 banks in India.

These banks are trying to recover some of the huge loan amount by auctioning his properties in the country.

The recently held auction of Mallya’s mansion in Goa is a recent example of the banks’ efforts to recover loans. Businessman Sachiin Joshi bought the villa for Rs 73.01 crore.

State Bank of India (SBI), Punjab National Bank (PNB) and IDBI banks are among the major lenders to Mallya which are waiting for loan repayment.

According to reports, following is the list of 17 banks that have paid nearly Rs 7,000 crore (excluding interest) to Mallya:

Bank name Amount
SBI Rs.1,600 cr
PNB Rs.800 cr
IDBI Bank Rs.800 cr
Bank of India Rs.650 cr
Bank of Baroda Rs.550 cr
United Bank of India Rs.430 cr
Central Bank Rs.410 cr
UCO Bank Rs.320cr
Corporation Bank Rs.310 cr
State Bank of Mysore Rs.150 cr
Indian Overseas Bank Rs.140 cr
Federal Bank Rs.90 cr
Punjab & Sind Bank Rs.60 cr
Axis Bank Rs.50 cr
Other banks Rs.603cr