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20Th July 2016
AIBEA
(The Total Investment & Insurance
Solutions)
|
The total quantum of loans wilfully defaulted
by borrowers is Rs 58,792 crore, the All India Bank Employees' Association
(AIBEA) said on Tuesday.
In a statement, the major union in the
banking sector said out of the total loans wilfully defaulted, a whopping
Rs.47,351 crore are accounted by government owned banks-nationalised, State
Bank of India (SBI) and its five associate banks.
The union said the total quantum of bad loans
of the government owned banks stands at Rs 539,995 crore as on March 31, 2016. The Total Investment & Insurance Solutions
"But the government and the RBI (Reserve
Bank of India) are not taking tough measures to recover the bad loans. Even
their (defaulters') names are not being published," said AIBEA General
Secretary C.H. Venkatachalam.
"Loans are given from public money.
Hence people should know who the loan defaulters are. When poor borrowers are
harassed, corporate defaulters are given all concessions. The number of willful
defaulters is also on the increase," AIBEA said. The Total Investment & Insurance Solutions
The AIBEA has uploaded the names of wilful
defaulters bank wise. The Total
Investment & Insurance Solutions
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