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IOB stages ‘Name and Shame’ demonstration
Indian Overseas Bank has conducted a demonstration under NAME AND SHAME programme for recovery of their outstanding loan amount from borrowers who have not repaid the loan amount in time.
Hyderabad: Indian Overseas Bank has conducted a demonstration under NAME AND SHAME programme for recovery of their outstanding loan amount from borrowers who have not repaid the loan amount in time.
Under the leadership of Shiv Kumar Chaturvedi, Chief Regional Manager, in presence of E Lachaiah, AGM, Ajay Tembhekar, AGM, T Siva Rama Kumar, CM, Sneha Kumari, Manager, and other officials from RO, Hyderabad, Basheerbagh, Chikkadpally conducted a demonstration on Wednesday in front of their office and residence of Directors & Guarantors of M/s Musaddilal Jeweller Export Pvt Ltd Mohan Lal Gupta and Prashant Gupta (Directors & Guarantors) and M/s. M B Corporation Pvt Ltd at, Hyderabad and shouted slogans demanding for repayment of the loan amount availed from the Bank.
Mohan Lal Gupta and Prashant Gupta (Directors & Guarantors) of M/s Musaddilal Jeweller Export Pvt Ltd and Mohan Lal Gupta, Prashant Gupta and Atheram Ali Khan (all Directors & Guarantors) of M/s. M B Corporation Pvt Ltd at Hyderabad has to pay an amount of ` 139.09 Crores to
Indian Overseas Bank.
