India, April 7 -- After reporting on the Large Defaulter List of 11 PSU Banks, The Pioneer is looking into the Large Defaulter List of major private banks. Among private banks, ICICI Bank tops the list with INR 2.78 lakh crores in large defaults. The bank has filed 3,654 recovery cases, as per the TransUnion CIBIL data up to February 2026.

Politically exposed company Lanco Group is the biggest defaulter of ICICI Bank with a whopping due of INR 46,210 crore. Lanco Group is owned by former Congress MP L Rajagopal, infamous for 2014 pepper spray incident in the Lok Sabha, protesting against division of Andhra Pradesh. He is now based in America and Australia with his mine business.

Till date no case has been filed by CBI against Lanco Grou...