AIBEA to publish revised list of bank loan defaulters

The All India Bank Employees' Association (AIBEA) on Thursday said it would release the revised list of loan defaulters during the winter session of parliament.

The AIBEA will also hold nationwide demonstrations on July 20 demanding Vijay Mallya, the promoter of Kingfisher Airlines, as a wilful defaulter and recovery the dues by confiscating his properties.

"Bad loans in the banks are increasing month after month. It is more than Rs.3 lakh crore today. This is in addition to more than Rs.3 lakh crore of bad loans re-structured and shown as good loan," general secretary C.H. Venkatachalam said in a statement issued in Gujarat's Rajkot.

According to him, huge bad loans are sold to asset reconstruction companies at a cheap rate.

"AIBEA will be publishing the latest list of big loan defaulters during the monsoon session of the Parliament. AIBEA is demanding the Government and RBI to publish the list periodically and take stringent action on the defaulters," he said.

According to the statement, AIBEA has given a call to all bank employees in all the banks to observe nationwide strike on September 2 to protest against the proposed amendments to the labour laws to the detriment of the workers and to favour the capitalists and employers.

More than five lakh bank employees and officers of public sector banks, private banks, foreign banks, Regional Rural Banks and co-operative bank will join the strike.