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Debar bank loan defaulters from contesting general elections 2024: AIBEA

Debar bank loan defaulters from contesting general elections 2024: AIBEA

Hyderabad, Mar 28 (UNI) All India Bank Employees' Association (AIBEA) has appealed to the Chief Election Commissioner (CEC) Rajiv Kumar to debar the bank loan defaulters from contesting the general elections 2024.
In a letter to Rajiv Kumar, a copy of which was e-mailed to UNI on Thursday, AIBEA General Secretary Ch Venkatachalam said 'In the past we have the bitter experience that persons who have borrowed huge amount of loans from the Banks and have defaulted and not repaid the loans had contested the elections and some even won the elections to become Members of Parliament.'
'From All India Bank Employees’ Association we have been demanding that the RBI Act should be amended to enable the list of such loan defaulters to be publicly published by the RBI. We have also been demanding that stern action should be taken against such huge loan defaulters and that deliberate default should be termed as criminal offence instead of a civil suit against them,' Venkatachalam said.

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