India, April 20 -- For the past one month, The Pioneer reported a series on large defaulters of 11 PSU Banks and the three major private banks, based on the January and February filings of the banks to rating agency TransUnion CIBIL. Based on the data, we are publishing the details of the top 12 defaulters who plundered banks of more than Rs 5 lakh crore, out of more than Rs 29 lakh crore in dues from Large Defaulters.

India's top most defaulter is Lanco Group, headed by former Congress MP L Rajagopal, notorious for spraying pepper in Lok Sabha in February 2014, protesting against the bifurcation of Andhra Pradesh. Lanco Group and its power, steel and mining companies made a whopping default of Rs 1,27,897 crore to 10 banks. The ban...