In the midst of ongoing controversy about State Bank of India (SBI) of writing off Vijay Mallya loan worth Rs 7000 crore with his redundant Kingfisher Airlines, now a sanitation worker from Nashik has also demanded SBI to waive off his loan worth Rs1.5 lacs.
MC employee lent 1.5 lacks to meet his son’s treatment
A safai worker named Bhaurao Sonawane employed with the Tryambkeshwar municipal council in Maharashtra’s Nashik district mentioned in his writer application to SBI appealing to waive of his loan the same way the bank waived off Mallya’s loan.
“I have written a letter to the bank, congratulating it for the ‘good decision’ to waive of Vijay Mallya’s loan. I requested SBI to waive off my loan as well,” Sonawane said.
“I took this loan to meet expenses on my son’s illness,” he said. At the same time, the bank manager has not yet responded to the letter. After a news broke out about waived off of Mallya’s loan, finance minister Arun Jaitley had explained in the Parliament that the government will still pursue the case and the members should not go by the literal meaning of the term.
Jaitley cleared that nothing is waived off as it was writing mistake
“SO there is a little bit of word mistaken involved in this. Don’t go by literal meaning write-off. Write-off does not mean loan waiver. Loan still remains. You still continue to pursue, Jaitley had said during an ongoing debate on demonetization.
Jaitley was replying to the CPIM leader Sitaram Yechury who referred to DNA report claiming that SBI wrote off loans of defaulters including Rs 1,200 of Kingfisher Airlines.
On the other hand, criticizing the role of media on the report of Vijay Mallya’s loan waiver, State Bank of India’s chair-managing director, Arundhati Bhattacharya had denied any intention of the loan being waivered for embattled liquor tycoon.
This allegation is a roguish allegation done by the certain parts of the media to take down of the Bank’s reputation. It is technically accounting entry that is done in order to clean the balance sheet. She had recently given the statement to ANI.
SBI assured that recovery would take place
However, the SBI chief reassured that recoveries would take place but it might take some time. The earlier news told that around Rs 12, 00 crores in due owned by Vijay Mallya’s collapsed kingfisher Airlines has been attached a label of write-off in the books of India’s largest bank, the State Bank of India. Handling an opposition attack in parliament, finance minister Arun Jaitley declared that the loans had not been waived. “It only means that in accounting books, it is listed as a non-performing asset. A write-off doesn’t mean forgiving loans. The loan will still be pursued,” Jaitley said in the Rajya Sabha.