While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also 'live life king-size' without any worry or fear of any action due to...
RTI activist, Vivek Velankar has been running a vigorous campaign in Pune to unearth information from big nationalised banks on large loan write-offs, exceeding Rs100 crore each. He covered 12 public sector banks (PSBs) in this mission and the results are staggering. Clearly, PSBs have little...
While common borrowers are harassed for recovery of smaller loan amounts, when it comes to big borrowers, banks are often found giving preferential treatment to these defaulters. Nor are the banks willing to part with information regarding these write-offs. In fact, of the 10 public sector...
The way public sector banks (PSBs) are giving flimsy excuses for denying information under the Right to Information (RTI) Act on bad loans, loan write-off and names of big defaulters, whose defaults are Rs100 crore and more, one could safely say that the public information officers (PIOs) of...
While the common borrower is still struggling to repay monthly instalments, one more big bank has shown how big defaulters are having their cake and eating it as well without any qualms or worries. Similar to other public sector lenders, Indian Bank too wrote off Rs4,792 crore bad debt of...
