2 August 2013
The Chairman
State Bank of India
Mumbai
cc to:
The Deputy Governor, RBI, Mumbai
CGM, RPCD, RBI, Mumbai
Mr Thamarai Selvan MP
Mr Thol Thirumavalavan MP
Mr Arjun Ran Meghwal MP
Mr Ramasubbu MP
Dear Sir
Please refer to our mail dated 30th July 2013 bringing to your notice the flexi board display of poor education loan students, who have defaulted with your SBI, Bodinayakanur (Theni, Tamil Nadu) Branch. Since the mail was circulated openly in the India Vision Group and among the media persons, today Deccan Chronicle has carried a front page story on this issue. (attached).
While talking to the reporter of Deccan Chronicle, your CGM office has shamelessly defended the action of Bodinayakanur Branch. It is very unfortunate that SBI officials are highly insensitive to the feelings of poor people. When big names default hundreds and thousands of crores, you do not give the same treatment.
Since your officials are defending the shaming of poor students (including girls), are you willing to disclose the top 100 defaulters of SBI? In our estimate that top 100 defaulters may contribute around 30 to 40% of the total NPA of SBI. (I may be wrong. but to set right the doubts, you can release the list). But SBI shamelessly quote the Banking Regulations Act, not to disclose such big defaulters details in public, as it may violate their privacy. But in the case of poor students, SBI feels such Banking Regulations Act does not apply.
We also spoke to Mr Thamarai Selvan MP and Mr Thol Thirumavalavan MP. They are taking up this issue in the zero hour of the Parliament next week. They are also writing separately to the Finance Minister and speaking to him personally.
When the Finance Minister has requested the banks to be more 'flexible' towards education loan borrowers, your bank shames the students through 'flexi board'.
Now after release of this mail in public forum, media is also picking up. Thanthi TV, one of the leading news channels is telecasting a live discussion at 11 AM today (2nd August 2013) on this issue. You can watch the live discussions at http://www.thanthitv.com/ from 11 AM.
Education Loan Task Force (ELTF) strongly condemns such insensitive attitude of SBI officials. We request you to kindly investigate into the matter and take suitable disciplinary action against the concerned Branch Manager and Regional Manager who shamed the poor students.
Defaults happen due to many reasons, even due to omissions and commissions of your bank. Instead of shaming the poor people and defending such action, it is better you advise your senior officials to meet such students and help them to come out of the problems.
K. Srinivasan
Convenor
Education Loan Task Force (ELTF)
www.eltf.in
An initiative by Action 2020 Team under India Vision Group
Join the India Vision group to get connected with like minded people
http://groups.yahoo.com/group/India_Vision_2020/
Also visit www.indiavision2020.org
From: Education Loan Task Force ELTF <info@eltf.in>
Date: Tue, Jul 30, 2013 at 9:45 PM
Subject: Arrogance of State Bank of India, Bodi - Education loan defaulters are displayed like rowdies
To: "Chairman, State Bank of India SBI" <chairman@sbi.co.in>,
30 July 2013
The Chairman
State Bank of India
Mumbai
cc to:
Deputy Governor, RBI, Mumbai
CGM, RPCD, Mumbai
Mr Ramasubbu MP (Tirunelveli)
Mr Thamarai Selvan MP (Dharmpauri)
Mr Thol Thirumavalavan MP (Chidambaram)
Dear Sir
We understand from the Facebook and social media that State Bank of India, Bodi Branch (Theni District in Tamil Nadu) has displayed prominently the photographs of the defaulters of Education Loan at the entrance, like criminals. It is highly objectionable and violates the basic dignity of the students.
In all the branches of your bank, they do not fix up the repayment schedule with a maximum of 10 years and with a telescopic EMI (lower EMI in the beginning). The branch managers do not maintain proper relationship with the students. Most of the students default because of the omissions and commissions of the Bank officials.
We request you to kindly investigate into the matter and take suitable disciplinary action against the concerned Branch Manager and the Regional Manager who might have given instructions to display the photos like criminals.
When SBI has hurriedly sanctioned hundreds and thousands of crores to 2G scamsters and Kingfisher groups, they never showed such a hasty action by displaying their photos prominently in the branches. When poor innocent students, including dalit students, commit default genuinely, SBI defames them in an unprofessional and illegal manner.
If banks indulge in such ugly illegal actions, instead of understanding the genuine difficulties and rescheduling the loan, it may lead to a larger campaign for writing off such loans, which is not in the interest of the banking industry.
We request you to kindly investigate into the matter and take suitable disciplinary action against the branch manager and the concerned regional manger.
We are also marking a copy of this mail to some of the media persons, Deputy Governor of RBI and few Members of Parliament, so that they can take up this issue immediately.
Yours faithfully
K. Srinivasan
Convenor
Education Loan Task Force (ELTF)
www.eltf.in
An initiative by Action 2020 Team under India Vision Group
Join the India Vision group to get connected with like minded people
http://groups.yahoo.com/group/India_Vision_2020/
Also visit www.indiavision2020.org
From: prakash fast <fastprakash@gmail.com>
Date: 2013/7/30
Subject: Education Loan Task Force
To: action2020eltf@gmail.com
Dear Sir,
Please Download and see the attachment....
Whats going in Education Load..?
Please take the action.....
" SBI (State Bank of India)-யின் அயோக்கியத்தனம்"
தேனி மாவட்டம் போடி SBI வங்கிக் கிளையில் கல்விக் கடனைத்
திருப்பிச் செலுத்தாத மாணவர்கள் மற்றும் அவர்களின் பெற்றோர்களின்
புகைப்படங்களை வங்கிகளின் வாசலில் ஒட்டி, மாணவர்களை ஏதோ ஜேப்படி
திருடர்களைப் போல அவமானப்படுத்தும் அடாவடித்தனத்தில் இறங்கியுள்ளன. கடன்
தள்ளுபடியை ஏப்பம் விட்ட கும்பலோடு,வங்கியில் தொழில்கடன் வாங்கி ஏப்பம்
விட்டுள்ள விஜய் மல்லையா போன்ற தரகு முதலாளிகளோடு இணக்கமாகவும்,
அக்கொள்ளையில் பங்காளியாவும் நடந்துவரும் வங்கி நிர்வாகம், சிறு
மாணவர்களைக் கிள்ளுக்கீரைகளாக நடத்துவதையும் எட்டி உதைப்பதையுமே
வாடிக்கையாகக் கொண்டுள்ளன. மேலும் உழைக்கும் மக்கள் எதுவும் கேட்க
மாட்டார்கள் கேட்பதற்கு துணிவு இல்லாதவர்கள் என்ற திமிருடன் தான் இந்த
வங்கிகள் செயல்படுகின்றன என்பதை இந்த விவகாரங்கள் மீண்டும்
எடுத்துக்காட்டியுள்ளன.
- படம்:தேனி மாவட்டம் போடி SBI கிளையில் எடுக்கப்பட்டது.
(Copied from Facebook)
Attachment(s) from Education Loan Task Force ELTF
1 of 1 Photo(s)
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