Publish pics of loan defaulters in newspapers: Govt to banks
The government has directed all state-run banks to publish the names and photographs of wilful loan defaulters in newspapers after getting approval from their board of directors. Last week, the government made passport details mandatory for availing loans worth over â¹50 crore. Wilful defaulters owe over â¹1.1 lakh crore to public sector banks, MoS for Finance Shiv Pratap Shukla said.