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Novel protest by andhra bank , a nationalised bank in a.pand telangana states


koteswararaonerella

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koteswararaonerella

As per the media news ,Hyderabad , ANDHRA BANK STAFF HAVE STAGED DHARNA IN FRONT OF SEVERAL LOAN DEFAULTERS REQUESTING THEM TO CLEAR THEIR DUES AS THE BANK IS INCURRING LOSSES. This is a novel method of forcing the defaulters to pay their dues unlike private banks who send recovery agents with muscles to threaten, if this method works all other nationalised banks can adopt this to recover more than one lakh crores which are the dues mostly from the influential persons who have taken loans in the name of business and starting industries and mostly avoid payments since they know the property which they have shown as surity will be worthless and even if the bank uses Securitisation act nothing will happen to them. let us hope the public money will be recovered from the defaulters.

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  • Super Moderator

If they are protesting in front of "defaulters" houses, then the defaulters can be clearly identified.

 

If so, then the list of defaulters should also be available under RTI !

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Prasad GLN

Converting every move as an opportunity for rti !

Hope some body should ask them as to whether management permitted for such protests.

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koteswararaonerella

yesterday 23rd january 2015 they have again demonstrated before Marriot hotel (previously Viceroy hotel) whose owner is due 20 crores to andhrabank even though doing roaring busines but not paying.

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