Shameful! SBI branch names and shames students, farmers who took loans

Agencies
December 14, 2020

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Chennai, Dec 14: The State Bank of India (SBI) in Tamil Nadu is at it again in naming and shaming of students who have taken education loans.

This time around, the Arakkonam branch of SBI has named and shamed the students who have taken education loans and the farmer borrowers.

"It is shocking to see the Arakkonam branch of SBI displaying the photos of students who have taken education loans and farmers who have taken farm loans outside the branch premises and also with a question 'do you want to figure here'," said T. Velmurugan, President, Tamizhaga Vazhvurimai Katchi (TVK).

"Has SBI kept the photo of Vijay Mallya outside its premises as a defaulter," he wondered.

He said many corporate loan defaulters like Mallya and Nirav Modi have escaped from India and some are living a luxurious life overseas and the Indian government and the banks have not taken any steps.

Velmurugan said the education loan borrowers may not be employed to repay the loan.

When IANS contacted the SBI's Arakkonam branch, a person who said he was the Branch Manager without disclosing his name said: "We can't share the information with the media. We have to get the permission from the law officer."

"The bankers are insensitive and if any student takes some drastic action after being shamed, will SBI take responsibility?" Education Loan Task Force (ELTF) Convenor K. Srinivasan told IANS.

ELTF guides students on rules and regulations governing the education loans offered by nationalised banks and it also insists students repay their dues.

Srinivasan said the education loan scheme has the facility of telescopic repayment facility over 15 year period. The first loan due falls one year after a student completes the course.

"The banks can give moratorium for three times during the currency of the loan if the borrower ends up in difficulties," Srinivasan said.

"Is the SBI willing to display the pictures of its corporate defaulters? Does it have the guts to publish the names of its top 100 defaulters? SBI shamelessly quote the Banking Regulation Act for not disclosing the big corporate defaulters.

"But in the case of poor students, it feels the banking law does not apply," Srinivasan a former banker posed.

According to him, bank officials try to create a wrong picture that education loan portfolio is default-prone. They are reluctant to handle this portfolio. It is really not so since the ticket size is very small compared with the loans and defaults of big industries.

This is not the first time that a SBI branch has named and shamed education loan borrowers.

In 2013, the Bodinayakanur branch of SBI in Theni district, around 515 km from here, displayed photos of students and their parents for defaulting on their educational loans.

At that time, the late President of DMK M.Karunanidhi had slammed SBI.

"When several money sharks are cheating banks of thousands of crores of rupees by not repaying loans, it is defamatory to display photos of students from poor and middle-class families for defaulting on education loans," Karunanidhi had said.

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News Network
April 29,2025

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The Supreme Court Tuesday dismissed a plea by former IPS officer Sanjiv Bhatt, undergoing life imprisonment in connection with a 1990 custodial death case, for bail and the suspension of his sentence. While denying him the relief, a bench of Justices Vikram Nath and Sandeep Mehta also directed that the hearing of his appeal be expedited.

“We are not inclined to enlarge the appellant Sanjiv Kumar Bhatt on bail. However, we make it clear that the observations made herein above are restricted to the prayer for bail only and will have no bearing on the appeals of the appellant and the co-accused. The prayers sought by the appellant, Sanjiv Kumar Bhatt, for the grant of bail are dismissed. Hearing of the appeal is directed to be expedited,” Justice Mehta said while reading out the order.

The case dates back to 1990 when Bhatt was posted as the additional superintendent of police in Gujarat’s Jamnagar. He had detained around 133 people under the stringent Terrorist and Disruptive Activities (Prevention) (TADA) Act during a communal riot in Jamjodhpur town.

On November 18, 1990, one of those detained, Prabhudas Vaishnani, died in a hospital after he was released, allegedly due to torture while he was in custody. A complaint of custodial death was registered against seven policemen, including Bhatt, by Amrutlal Vaishnani, the brother of the deceased, following which the investigation was transferred to the state Criminal Investigation Department (CID) branch in Gandhinagar.

In 1995, the CID investigating officer requested sanction from the government to prosecute Bhatt as is required for the prosecution of a government officer when on duty. However, the government did not grant the sanction. After that, CID filed a summary report, which is a closure report, in the court. However, the court rejected this report in December 1995 and instead took cognisance of offences alleged against Bhatt and six others.

An A-summary report was filed in this case in 1995 after the Gujarat Government refused to grant sanction for prosecuting Bhatt. However, after Bhatt’s deposition in relation to the 2002 communal riots before the Nanavati and the Mehta commissions between May and July 2011, the state government withdrew protection granted to him, and the Jamnagar court began framing charges soon after.

A Jamnagar sessions court sentenced Bhatt to life imprisonment in June 2019. This was subsequently upheld by a Division Bench of the Gujarat High Court.

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News Network
April 29,2025

bhattsanjeev.jpg

The Supreme Court Tuesday dismissed a plea by former IPS officer Sanjiv Bhatt, undergoing life imprisonment in connection with a 1990 custodial death case, for bail and the suspension of his sentence. While denying him the relief, a bench of Justices Vikram Nath and Sandeep Mehta also directed that the hearing of his appeal be expedited.

“We are not inclined to enlarge the appellant Sanjiv Kumar Bhatt on bail. However, we make it clear that the observations made herein above are restricted to the prayer for bail only and will have no bearing on the appeals of the appellant and the co-accused. The prayers sought by the appellant, Sanjiv Kumar Bhatt, for the grant of bail are dismissed. Hearing of the appeal is directed to be expedited,” Justice Mehta said while reading out the order.

The case dates back to 1990 when Bhatt was posted as the additional superintendent of police in Gujarat’s Jamnagar. He had detained around 133 people under the stringent Terrorist and Disruptive Activities (Prevention) (TADA) Act during a communal riot in Jamjodhpur town.

On November 18, 1990, one of those detained, Prabhudas Vaishnani, died in a hospital after he was released, allegedly due to torture while he was in custody. A complaint of custodial death was registered against seven policemen, including Bhatt, by Amrutlal Vaishnani, the brother of the deceased, following which the investigation was transferred to the state Criminal Investigation Department (CID) branch in Gandhinagar.

In 1995, the CID investigating officer requested sanction from the government to prosecute Bhatt as is required for the prosecution of a government officer when on duty. However, the government did not grant the sanction. After that, CID filed a summary report, which is a closure report, in the court. However, the court rejected this report in December 1995 and instead took cognisance of offences alleged against Bhatt and six others.

An A-summary report was filed in this case in 1995 after the Gujarat Government refused to grant sanction for prosecuting Bhatt. However, after Bhatt’s deposition in relation to the 2002 communal riots before the Nanavati and the Mehta commissions between May and July 2011, the state government withdrew protection granted to him, and the Jamnagar court began framing charges soon after.

A Jamnagar sessions court sentenced Bhatt to life imprisonment in June 2019. This was subsequently upheld by a Division Bench of the Gujarat High Court.

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News Network
May 11,2025

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Amid the ongoing border tension with Pakistan, the Punjab Police in India arrested two individuals on espionage charges. They allegedly leaked sensitive information and photographs of Army cantonment areas and Air Bases in Amritsar, said the police on Sunday.

The two persons were identified as Palak Sher Masih and Suraj Masih. They were arrested in a significant counter-espionage operation by the Amritsar Rural Police.

Director General of Police Gaurav Yadav wrote on X, "Malerkotla Police apprehends two individuals for their alleged involvement in espionage activities linked to a Pakistani official posted at the High Commission, New Delhi.

"Acting on credible intelligence, one suspect was arrested for leaking sensitive information regarding Indian Army movements to a Pakistan-based handler. Based on disclosures made during interrogation, a second conduit was also identified and taken into custody.

"Preliminary investigation reveals that the accused had been receiving payments through online transactions in exchange for classified information. They were in frequent contact with the handler and were involved in channeling funds to other local operatives as per his instructions. Two mobile phones have been recovered, and an FIR has been registered."

The police said further investigation will be undertaken as per established protocol, with a focus on tracing the financial trail and identifying additional operatives and linkages within the network.

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