PUDUCHERRY: General secretary of the All India Bank Employees’ Association (AIBEA) C H Venkatachalam took strong exception to banks writing off non-performing assets (NPA), which at present is estimated to be Rs 5.6 lakh crores.
On Wednesday, he said, those responsible for the accumulation of such huge amounts should be identified and the list should be made public. Moreover, all banks should act against such wilful defaulters to recover the money from them. Pointing to the steps taken by United Bank of India to declare debt-ridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters, he said, writing off of NPAs will invite losses, especially for public sector banks. He urged the Centre to call off it’s proposed move to privatise and merge banks. Instead, he said steps should be taken to strengthen the public sector banks.
Venkatachalam said, the association had planned a series of agitations to press their demands.