Inhuman attitude of a bank

Image Courtesy: Petr Kratochvil

Image Courtesy: Petr Kratochvil

.An ordinary day for Sumit sarkar (name changed) but there is nothing ordinary about the man who is recovering from tongue and throat cancer. A deeply spiritual man, he believes if you worked for the poor, a divine spirit would empower you to accomplish right things in life. ” I feel a little disheartened,” the man in his late forties said.Why? He explained,once a successful businessman, his financial condition deteriorated, when he first diagnosed cancer in the early 2008. He was first admitted to AMRI,Calcutta. As he hovered on the brink of death, he was sifted to Tata Cancer Research Center, Mumbai.After painful and prolonged treatment, his health condition improved but temporally. Even now, he shuttles between his home town  which is around 37 km away from Calcutta and Mumbai quite often for medical checkup.

As a businessman, he took a cash credit loan worth Rs 28 Lakh from a nationalized bank. He alleged that despite smooth transactions for 22- 23 years with the bank, they withdrew his premature life  despite his written intimation after his illness. He also added that bank send him a letter dated 20.05. 2011 demanding a sum of Rs 58,55,114 with interest within a period of 60 days. After receiving the letter, he met the official of the bank and they assured him that they consider the matter with due consideration.” But I am surprised by their inhuman and irresponsible behavior,” he lamented. The bank also referred the case to Debts Recovery Tribunal no 2. They also send summons under sec 19 (4) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.

When contacted,  the chief manager and deputy zonal head of the bank, said, “we have the right to confiscated the property of defaulters and recover the loan amount due from him after serving them proper notice.” He also added that they waited for three years with humanitarian and compassionate grounds but he failed to repay the dues with interest.

According to experts, the Secularization & Reconstruction of Financial Assets & Enforcement of the Security Interest (Second) Ordinance, 2002, has given banks absolute powers to attach properties of loan defaulters, who will no longer be able to take refuge of court and thwart attempts by banks to recover their dues. Though Supreme Court upheld the law, but offered some respite to borrowers. But unfortunately these are hardly complied by the banks. They sometimes behave like typical money lenders ignoring the basic human values.


About shanthanubh

A calcutta(India)based Independent newsresearcher and Investigative reporter.He has been working as a journalist for more than 15 years.He had worked as a news researcher for various news based programs in Calcutta.Shanthanu considers Deborah Potter and Theressha Collington Moore as his mentor because in his early days of journalism carrier, he was inspired and motivited by their works and learnt a lot from them about media ethics and news research.Though,a news researcher don't get enough credit for his job,he sticks to it.He believes that as journalists we should follow the jounalism mantra that if your mother says she loves you, check it out.we work as a store clerk.we believe that facts are more important than adjectives.Earlier,he also worked as a private investigator to brush up his skill as an Investigative Reporter.

Posted on September 18, 2014, in Uncategorized and tagged . Bookmark the permalink. Leave a comment.

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