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Banks’ exposure to Vi is a huge Rs 28740 crore

While Vodafone India owes the government Rs 96270 crore in spectrum payment dues and Rs 58254 crore in AGR liabilities (of which Rs 7854 crore has been paid), the banks have a major stake here since Rs 28740 crore of this is borrowed from the banks.

SBI Rs 11000 crore
Yes Bank Rs 4000 crore
IndusInd Rs 3500 crore
IDFC First Rs 3240 crore
PNB Rs 3000 crore
ICICI Rs 1700 crore
Axis Bank Rs 1300 crore
HDFC Bank Rs 1000 crore

Bank officials have in the past too approached the finance ministry, and highlighted that since most of the banks are public sector banks, for the government it is a double-edged sword.
CT Bureau

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