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SBI to publish pics of loan defaulters

LEADING COMMERCIAL bank of the country State Bank of India has taken new initiative of publishing photographs of loan defaulters in newspapers. The Bank has warned other financial institutions against such defaulters.

india Updated: Feb 17, 2006 13:43 IST

LEADING COMMERCIAL bank of the country State Bank of India has taken new initiative of publishing photographs of loan defaulters in newspapers. The Bank has warned other financial institutions against such defaulters.

These consumers had taken loan for house construction, car, education, and for business purpose. Regional business office assistant general manager Rajiv Sharma said that the Bank has increased its especial branches, consequently large amount of loan was approved for house construction, car etc through various branches benefiting greater number of beneficiaries.

He added that a large number of beneficiaries who had availed of loan had

First Published: Feb 17, 2006 13:43 IST