Question
What is the outstanding balance threshold for
non-performing borrowal accounts that must be reported as willful defaults?Solution
Collection and dissemination of information on cases of wilful default of ₹25.00 lakh and above Scheduled UCBs are required to report on a quarterly basis, all cases of wilful defaults, which occurred, or are detected after March 31, 1999 in the proforma given in Annex 3. All non-performing borrowal accounts with outstanding (funded facilities and such non-funded facilities which are converted into funded facilities) aggregating to ₹25.00 lakh and above are to be reported.
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