Bank staff’s procession against wilful loan defaulters

Hyderabad, Aug 26 (PTI) Employees and officers workingin Central Bank of India would take out a procession heretomorrow demanding stringent action against wilful loandefaulters by booking criminal cases against them. This is was stated in a joint press release issued byCentral Bank of India Employees’ Association and Central BankOfficers’ Union. Indian Banking system is incurring huge losses becauseof mounting debts due to the non-repayment of loans taken byvarious corporate houses and "other important personalities ofthe society", CBIEA General Secretary P Udaya Bhaskar and CBOUGeneral Secretary M Venkateswarlu said. PTI RSNSK