Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. Despite having arrest warrants issued against them, these FEOs have left India and refuse to return to avoid criminal prosecution. Of this, the principal amount owed is ₹26,645 crore, while interest accounts for ₹31,437 crore. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.

Earlier this week, the Ministry of Finance informed Parliament that 15 individuals had been declared FEOs as of October 31. Nine of them are involved in large-scale financial fraud, and the amounts they owe have been made public.

State Bank of India (SBI) is owed over ₹22,000 crore, followed by Punjab National Bank and Bank of India. The chart below shows the Amount owed

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