The banks and institutions that are affected most due to the non-payment of loans are: the State Bank of India (SBI) (Rs 139.93), the State Bank of Travancore (SBT) (Rs 122.90), IFCI (Rs 250.68 crore), the Union Bank of India (Rs 76.97 crore), HSBC (Rs 46 crore) and ING Bank NV (Rs 40.52 crore).

As per the list, NEPC India Ltd, the aviation company promoted by the Chennai-based Khemkas defaulted on the repayment of Rs 134.52 crore to IFCI, while promoter-cum-partner V Chandrasekharan of Pentafour Products Ltd borrowed Rs 32.88 crore from SBT and Rs 22.66 crore from IFCI and defaulted in making the repayments, resulting in litigation of over Rs 55 crore.

Similarly, industrialist Mukesh Gupta borrowed Rs 45.84 crore from SBT in the name of Lloyds Steel India Ltd and a further Rs 9.86 crore from the same bank in the name of Lloyds Finance. In both cases, he failed to clear his dues in time.

In one case, a promoter, Atul Gulati from Delhi, borrowed Rs.8.41 crore from Societe Generale and Rs 5.68 crore from Standard Chartered Bank in the name of a firm called Atul Glass Industries Ltd.

Similarly, Mr Anand Arya from Mumbai borrowed twice - Rs 22.54crore and Rs 12.25 crore - from the same institution - Oman International Bank for two separate companies, Blue Blends (India) Ltd and Premier Synthetics Ltd, promoted by him. Leading corporates, whose names appeared among others, in the list of defaults, are Baroda Rayon Corporation (Rs 4 crore), Lohia Polyester Ltd (Rs 4.17 crore), Thapar Agro Mills Ltd (Rs 4.36 crore), IFB Industries Ltd (Rs 4.4 crore), Welspun India Ltd (Rs 9.45 crore) and Mantri Housing and Construction (Rs 5 crore).

Industrial sickness did not spare the new private banks and foreign banks who were hit badly even with single borrower accounts. For instance, HDFC Bank Ltd filed a suit against the Nellore-based Balaji Industrial Corporation Ltd for defaulting in repayment for a sum of Rs 22.43 crore.

While HSBC, ING Bank, Standard Chartered Bank and Oman International Bank were among the top foreign banks who incurred losses amounting to Rs 46.01 crore, Rs 40.52 crore, Rs 32.23 crore, Rs 34.79 crore respectively due to non-payment of funds by borrowers.

Among public sector banks, SBI, SBT and Union Bank of India topped the list by posting bad loans of Rs 139.93 crore, Rs 122.9 crore and Rs 76.97 crore in their exposure to the corporate sector as on March-end 2000. The other public sector banks which have outstanding balances against their borrowers are the Bank of Baroda (Rs 18.81 crore), the State Bank of Hyderabad (Rs 11.65 crore) and Canara Bank (Rs 17.34 crore).