India, March 25 -- Punjab & Sind Bank has the lowest share of defaults among 11 PSU banks that together have a default of more than INR 29 lakh crore from large defaulters.

Data from TransUnion CIBIL shows that, as of January 2026, the bank has filed 1,316 recovery suits involving dues of INR 27,955 crore from large defaulters. In contrast, Indian Bank has not shared its large defaulters' list with rating agencies for the past one year. All other PSU banks are complying with Reserve Bank of India (RBI) norms by updating their data on a monthly basis with TransUnion CIBIL and other approved rating agencies.

Among Punjab & Sind Bank's defaulters, Koutons Retail India tops the list with dues of INR 3,401 crore. The Delhi-based textile comp...