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.

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