[India_Vision_2020] RBI responds to ELTF's complaint against SBI on shaming the poor students

 

dear all

You may remember that many of the State Bank of India branches in Tamil Nadu started shaming the poor education loan defaulters by displaying their pictures prominently in their premises like criminals.  Education Loan Task Force (ELTF) took up this issue through media and political leaders.  Many political leaders condemned the action of SBI. 

We also reported the matter to RBI for suitable action.  We argued when SBI is saddled with huge NPAs of big industrialists and big names, why they should isolate education loan borrowers, that too from the poor and dalit community to shame them for small deaults of even less than 20 or 30 thousands.  We also questioned that as to why major defaulters of these banks to the extent of thousands of crores were let free.  ELTF demanded the publication of top 100 defaulters of State Bank of India.

This issue got covered extensively in National media, because of the statements issued by various political parties.

Now RBI has sent a communication to us, informing us that the matter is receiving their attention and they would revert back shortly.

We will also update our members, when we receive further response from RBI.  Please see the appended message.

Srinivasan

Convenor

ELTF
www.eltf.in

---------- Forwarded message ----------
From: Irani, M M <mmirani@rbi.org.in>
Date: Wed, Aug 28, 2013 at 11:50 AM
Subject: SBI`s shaming poor education loan defaulters-Karunanidhi and other political leaders slam SBI
To: "info@eltf.in" <info@eltf.in>

RPCD.MSME & NFS.No.            /06.12.05/2013-14                                     August 28, 2013

 

Shri K. Srinivasan, Convenor

 

 

Dear Sir,

 

SBI`s shaming poor education loan defaulters-Karunanidhi and other political leaders slam SBI

 

Please refer to your e-mail dated August 5, 2013 on the captioned subject. In this connection we advise that the issue is receiving our attention and we shall revert at the earliest.

 

 

 

 

Yours faithfully,

 

 

 

(Sharmila Sampath Kumar)

 Assistant General Manager

 

 

 

__._,_.___

Reply via web post

Reply to sender

Reply to group

Start a New Topic

Messages in this topic (1)

Recent Activity:

• New Members 6

Visit Your Group

Please visit the website http://www.indiavision2020.org to read inspiring articles of eminent personalities

Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use • Send us Feedback

.

__,_._,___