Also read : Allahabad Bank labels Orchid A/c as NPA, eyes recovery soon
UCO bank has published an advertisement with a picture of an industrialist titling him a defaulter. Also Allahabad Bank rattled out the names of its big defaulters on CNBC-TV18. The changing face of PSU bankers could send shivers up India Inc's spine, reports CNBC-TV18's Gopika Gopakumar.
There is an advertisement published by UCO bank against its customer Reid and Taylor for defaulting on a Rs 110-crore loan. The most noticeable thing about it is the picture of the promoter Nitin Kasliwal. The notice, which was carried in a leading english daily, cautioned other banks against dealing with the company.
The notice said, In spite of repeated reminders, request and persuasions, the said borrower has not liquidated liabilities of the bank. In terms of the guidelines of the Reserve bank of India, the account has been classified as Non Performing Asset. While the UCO Bank reserves its right to initiate legal action against them for recovery of its dues, this information is published in the interest of the banks/financial institutions and the public at large to exercise due caution while dealing with the above named director, guarantor and company in any manner whatsoever particularly the assets which are hypothecated and mortgaged to the bank.
Clearly this is a first of its kind, but a chat with bankers indicated more may follow. Another bank has hit on another means to pressure defaulters. The chairman of Allahabad bank rattled out details about clients who have defaulted on National television.
Shubhalakshmi Panse, CMD, Allahabad Bank said, "The big accounts with us is Kemrock Industries Rs 471 crore, Sterling Industries Rs 240 crore, Surya Vinayak Rs 314 crore, Orchid chemicals Rs 230 crore, Websol Industries Rs 70 crore and the list goes on".
Until recently bankers shied away from mentioning names under the excuse client confidentiality, but not any more. In a rare act of aggression last week, bankers even invoked personal guarantees of Kingfisher 's Vijay Mallya. Again, it was first time ever against a non-performing business promoter.
Until now, banks were only going after the small promoters. The newfound aggression is probably triggered by a recent statement of the finance minister that banks must act against rich promoters of poor companies. Whatever the trigger, it is clear that corporate bigwigs better watch out. If you default, be prepared for some tough times including public name calling.
Anda sedang membaca artikel tentang
PSU banks make defaulters' names public to recover dues
Dengan url
http://efektifkesehatan.blogspot.com/2013/05/psu-banks-make-defaulters-names-public.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
PSU banks make defaulters' names public to recover dues
namun jangan lupa untuk meletakkan link
PSU banks make defaulters' names public to recover dues
sebagai sumbernya
0 komentar:
Posting Komentar