Punjab Bank Employees Federation releases list of 400 bank defaulters published by AIBEA

Ludhiana, May 6, 2014: On the call given by All India Bank Employees Association (AIBEA), Punjab Bank Employees Federation on Tuesday at a press conference held here, released a list of 400 bank defaulters.
P.R.Mehta, President, Punjab Bank Employees Federation (Punjab) addressed the mediapersons and released the list. Naresh Gaur, Treasurer, PBEF was also present on the occasion.  
They told that AIBEA, on December 5 last year had released the list of top 50 bad loan accounts. They said, “While Government is also alarmed and concerned about the huge increase in bad loans in the Banks, no effective measures have been taken by the Government to recover these loans.”

They said AIBEA has now published the list of top 400 bank loan defaulters. They released the list at the press conference and distributed copies of the list amongst the media persons.
“Since the RBI or the Government is not publishing the list of loan defaulters, AIBEA is publishing the list containing the names of the top 400 defaulters of Public Sector Banks”, they said, adding Rs. 70,3000 crores are involved in these 400 accounts.  
They asked why these loans are not coming back and who is responsible and accountable. They said i the Bank Executives have given the name, let there be a probe and if there is a political nexus, let it come out.  Country should not be for somebody’s default.  People should not be punished for corporate default, they asserted.  
They raised the demand, which are as under:
•    Make Willful default of bank loan a criminal offence
•    Order investigation to probe nexus and collusion
•    Amend Recovery Laws to speed up recovery of bad loans
•    Take stringent measures to recover bad loans
•    Do not incentivise corporate delinquency
•    RBI should periodically publish the list of bank loan defaulters

They revealed: