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POSTED BY ON April 7, 2013 8:28 pm COMMENTS (3)
I AVAILED PMRY LOAM FROM CENTRAL BANK OF INDIA,THAT TIME THE BANKER INSISTED ME TO GIVE COLLATERAL SECURITY.SO,I GIVEN THIRD PARTY COLLATERAL TO THE BANK.AT PRESENT SOME OUTSTANDING AMOUNT IS PENDING AGAINST MY LOAN.NOW,THE BANKER TRYING TO ATTACH MY THIRD PARTY COLLATERAL PROPERTY.THE PMRY LOAN IS ALSO CALLED “COLLATERAL FREE LOAN ” OR “NOT COMMERCIAL LOAN” —-THIS CAPTIONS ARE GIVEN BY THE GOVT AUTHORITIES AND MINISTRIES.BASED ON THEIR WORDS WE ARE GETTING LOANS FROM THE BANKS. IS THE SCHEME IMPLEMENTATION IS RIGHT AS PER SCHEME NORMS? AND I MADE COMPLAINT TO BANKING OMBUDSMAN.MY VIEW IS,THIS SCHEME VIOLATIONS ARE PURELY DEFICIENCY IN SERVICE AND BANKING OMBUDSMAN IS VERY LOYAL TABLE AND THEIR DECISION WILL CONTROL THE BANKING UNETHICAL PRACTICES.IS THE BANKING OMBUDSMAN ONLY THE FINAL APPELATE AUTHORITY TO THE BANKING RELATED COMPLINTS ? OR ANY OTHER CHANNALS ARE THERE APART FROM OMBUDSMAN ?IN INDIA ANY OTHER ISSUES WERE HANDLED THROUGH SUPREME COURT ?PLS GUIDE ME TO PROCEED FURTHER.THANK YOU.
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Dear Janakiraman, please check the following link on ombudsman thing.
http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=159
You may also contact Mrs. Sucheta Dalal of moneylife foundation.
Thanks
Ashal
Dear janakiraman, please do tell me how your problem is related to personal finance? Your issue is of commercial in nature. Please take help of the sites, people, experts who are capable of handling such commercial things. Sorry to say but I seriously doubt you. The question you are raising now for unethical ways of bank & it’s practices should be raised by you at the time of availing loan not now.
Also you are silent on the part – Why the bank is attaching the collateral for your loan? It indicates you have defaulted on your loan seriously & this continuous default is the reason that bank is taking the extreme step of attaching the collateral provided by you.
You are free to opt banking ombudsman or any other channel as per your wish. By the way, please do not put in your query in all CAPS. it’s an eyesore to read & understand. Hope you ‘ll keep this thing in mind while posting your query next time anywhere.
Thanks
Ashal
Thank you Mr.Ashal,Very kind of you and please send the site name which is financially supported peoples.Actually,i have started a electronic chockless tube light system manufacturing unit.Due to the reason of some technical problems,i cannot give trouble free products in the market.So that,my unit was collapsed and lock out.So,my loan account was defaulted.At the time of availing loan,i was a fresh college person and not having knowledge of loan and bank formalities.This is the situation.pls help me only if you are interested.Thank you.