India, March 16 -- Canara Bank ranks fourth among public sector banks for defaults from large corporate, with dues of INR 2.49 lakh crore, according to data compiled by TransUnion CIBIL and examined by The Pioneer as part of its series on large defaulters of India's PSU banks. Large defaults of 11 PSU banks exceed INR 29 lakh crore. Indian Bank has not yet submitted list of Large Defaulters for the past one year.

Canara Bank has filed 14,277 suits across the country to recover these loans.

Among the borrowers are several high-profile corporate groups. Companies linked to debt-ridden industrialist Anil Ambani owe INR 1,574 crore to the bank. In one case, Jindal Steel and Power, headed by Naveen Jindal, is listed as personal guarantor for...