Macro Economy

Concern over rising bad loans

Our Bureau Mumbai | Updated on April 29, 2014 Published on April 29, 2014

Profitability of the banking industry, which is largely impaired due to rising bad loans and reasons beyond the control of bank officers and employees, should not be linked with salary revision of bank employees, according to All India Bank Officers’ Confederation (AIBOC).

The Confederation has decided to launch countrywide agitation against the menace of bad loans. The trade union has called for publication of the names defaulters in national newspapers.

At its 73rd executive committee meeting held in Chennai, the Confederation said wilful default should be made a criminal offence under the Indian Penal Code.

Published on April 29, 2014
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