finally some action against loan defaulter ..however they are shameless so no tangible results are expected. ..Allahabad Bank today published the photographs of two guarantors as well in the newspapers as part of a public notice for sale of two properties mortgaged for the loan. The borrower, a corporate entity, had failed to pay it dues and the total outstanding amount currently stands at over Rs 365 crore. As a result, the bank has published the photographs of its two individual guarantors, as also the name of a group corporate entity, while inviting bids for the two properties – one in Haryana and another in Mumbai. SBI began publishing the pictures of its individual loan defaulters in March this year, while UCO Bank has also went public with the name, photograph and other details of a well – known industrialist for non-payment of loans by his company.
Posted on: Tue, 09 Jul 2013 11:12:56 +0000
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