BANK NEWS
Bank union threatens to disclose names of 7000 defaulters
Ahmedabad. All-India Bank Employees Association (AIBEA) on Saturday threatened to make public the names of top 7,000 willful corporate loan defaulters who have defrauded around Rs 70,000 crore.
The union also demanded filing criminal cases against these defaulters. AIBEA General Secretary C H Venkatachalam also said around 10 lakh employees and officials would go on a one-day strike, called by nine unions on July 29 to oppose what he calls the "anti-people banking reforms being pushed by the government."
"Wilful defaulters have taken loans for some purpose but have diverted and misused the money. There are around 7,000 big companies who are wilful defaulters and they owe Rs 70,000 crore to the system. We will reveal their names in a few days," Venkatachalam said here.
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