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Standard Chartered Bank has filed highest number of default cases

Standard Chartered Bank ranks top as it has filed 206 cases

Apnaloan.com Research Bureau

22 Apr 2008

To recover dues from the defaulters, Standard Chartered Bank has filed up to 206 cases. This is the highest number of suits filed by any foreign bank in the country. 

CIBIL has a data of more than 2,500 suits which have been filed against the borrowers who defaulted in the payment of Rs. One crore or more. Foreign banks like Ukraine-based Calyon bank filed 16 suits to recover Rs. 57.69 crore whereas Standard Chartered Bank filed 206 cases to recover about Rs. 1,700 crore.

The Nationalised banks filed around 2,206 suits against defaulters owing about Rs. 17,600 crore. 

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