- 09:08 AM Expect Nifty to roll towards 4025-4285: CLSA
- 09:01 AM Rupee opens at Rs 46.51 per dollar
- 09:00 AM Mkt likely to trade in range with -ve bias: Motila...
- 08:59 AM Ministry of Power approves REC follow-on offer
- 08:59 AM India targets domestic demand; concerns on prices
- 08:59 AM Apple becomes top phone maker by profits
- 08:59 AM Federal Reserve officials cautious on US economic ...
- 08:59 AM Sept industrial output seen up 7.3% YoY
- 08:57 AM Nifty open interest PCR slips to 1.34 vs 1.42
- 08:48 AM 10-yr yield seen between 7.20-7.40%: ING Vysya Ban...



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 fromICICI 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.
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Today's Special Column
with Ashok Gulati
International Food Policy Research Institute , Director in Asia


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Source: CNBC-TV18
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Source: CNBC-TV18
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