151721 Investors following ICICI Bank. Share this News with them.
0
Like this story, share it with millions of investors on M3
Man unable to pay back loan commits suicide
It was another shocking case of a bank borrower committing suicide allegedly because he could neither pay up nor bear the threats of the bank's recovery agent. 38-year-old Prakash Sarvankar, a father of three daughters, had borrowed all of 50,000 rupees from ICICI on Jan 15.
It was another shocking case of a bank borrower committing suicide allegedly because he could neither pay up nor bear the threats of the bank's recovery agent. 38-year-old Prakash Sarvankar, a father of three daughters, had borrowed all of 50,000 rupees from ICICI on Jan 15.
On Tuesday September 18, Sarvankar committed suicide citing repeated threats by the bank's recovery agents asking him to pay up. Sarvankar was unemployed and should never have been eligible for a loan says his wife. For its part, ICICI claims it follows a transparent process for collection of overdues. The process commences with telephonic reminders to customers, followed by written reminder and only finally a visit to the customer.
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| Uninor | Tata Steel | Chennai | Vodafone Essar | Mahindra Satyam | Mutual fund | Initial public offering | MCX | BSE Sensex | India 
It was another shocking case of a bank borrower committing suicide allegedly because he could neither pay up nor bear the threats of the bank's recovery agent. 38-year-old Prakash Sarvankar, a father of three daughters, had borrowed all of 50,000 rupees from 
