Sunday, August 20, 2017

COMMENTS NO: YEAR/2012/374

"DEFAULTER:'Yes, I have taken a Loan of Rs.5 lakhs by bribing your previous manager of this Branch 8 years ago. I have given no security or collateral against this loan. Now, the NPA value of my loan is Rs. 7.5 lakhs. As this is a PSU Bank, you can easily do the settlement of this loan. At present, I can only pay back Rs. 2 lakhs as a final settlement value. After paying Rs.2 lakhs, I need a No Due Certificate from this Bank.' PSU BANK MANAGER:'No, we will not issue a No Due Certificate to enable you to loot other PSU Banks of India in the name of unsecured loans. We will give you a certificate that you did the final settlement of Rs. 7.5 lakhs NPA at Rs. 2 lakhs.'"-Arindam Sain

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