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Name and shame wilful defaulters, Govt asks banks

| | New Delhi

Tightening the noose around wilful defaulters, the Government has asked banks to “name and shame” such borrowers by publishing their photographs and other details in newspapers.

Sources quoting advisory of the Finance Ministry said, “Lending institutions shall formulate a policy with the approval of their board of directors which clearly set out the criteria for publication of photographs of wilful defaulters (in newspapers).”

                 

 
 
 
 
 

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