கல்வி கடன் வழங்க மறுத்த பாரத ஸ்டேட் வங்கிக்கு ரூ.20 ஆயிரம் அபராதம் விதித்து நுகர்வோர் நீதிமன்றம்,
SBI fined Rs 20,000 for refusing education loan
HYDERABAD: Cracking the whip on a public sector bank for not following RBI guidelineson education loans, a district consumer forum here has now directed SBI (Zaheerabad) to sanction the loan and also ordered it to pay Rs 20,000 as compensation and Rs 5,000 towards the cost of complaint.
The forum ruled that as per RBI guidelines education loans followed 'study now, pay later' principle and bankers could release the amount directly to the university in instalments.
"The collateral security is demanded only when the amount is huge. Here, the student was put to unnecessary hardship," the forum said.
In Oct 2014, Sudhakar Patil had sought an education loan from SBI Zaheerabadbranch for his nephew.
The manager, who initially raised objections, later assured to sanction it. But the loan never got approved, forcing Patil's nephew to borrow from private parties at a higher interest rate to fund his education.
After eight months, on July 15, 2015, SBI told Patil to produce release deed of property for lo an approval, but Patil declined to give the documents as he would have had to incur heavy costs in stamp duty . He instead complained to SBI regional manager that he was being harassed as he had refused to pay bribe. When the bank did not take any action, he filed a complaint with the consumer forum.
But bank officials denied the allegations, pointing out that the house which Patil wanted to mortgage was in his mother's name and, although he had the general power of attorney, it was not valid as she had expired. "Hence, we requested him to furnish a release deed from other legal heirs," the bank manager said.
The forum, however, overruled the bank and ordered that the loan be released.
Source: timesofindia Jan 25, 2017
கல்வி சார்பான எனது அனைத்துபதிவுகளின் தொகுப்பு
https://www.facebook.com/trdurai.kamaraj/posts/1215353938608488
வங்கி / நிதி சேவை சார்ந்த எனது அனைத்துபதிவுகளின் தொகுப்பு:
https://www.facebook.com/trdurai.kamaraj/posts/1213272965483252
என் முகநூல் பதிவுகளை அதன் தலைப்புகள் வாரியாக வகைப்படுத்தப்பட்டதன் மொத்த தொகுப்பு:
https://www.facebook.com/trdurai.kamaraj/posts/1220044361472779
SBI fined Rs 20,000 for refusing education loan
HYDERABAD: Cracking the whip on a public sector bank for not following RBI guidelineson education loans, a district consumer forum here has now directed SBI (Zaheerabad) to sanction the loan and also ordered it to pay Rs 20,000 as compensation and Rs 5,000 towards the cost of complaint.
The forum ruled that as per RBI guidelines education loans followed 'study now, pay later' principle and bankers could release the amount directly to the university in instalments.
"The collateral security is demanded only when the amount is huge. Here, the student was put to unnecessary hardship," the forum said.
In Oct 2014, Sudhakar Patil had sought an education loan from SBI Zaheerabadbranch for his nephew.
The manager, who initially raised objections, later assured to sanction it. But the loan never got approved, forcing Patil's nephew to borrow from private parties at a higher interest rate to fund his education.
After eight months, on July 15, 2015, SBI told Patil to produce release deed of property for lo an approval, but Patil declined to give the documents as he would have had to incur heavy costs in stamp duty . He instead complained to SBI regional manager that he was being harassed as he had refused to pay bribe. When the bank did not take any action, he filed a complaint with the consumer forum.
But bank officials denied the allegations, pointing out that the house which Patil wanted to mortgage was in his mother's name and, although he had the general power of attorney, it was not valid as she had expired. "Hence, we requested him to furnish a release deed from other legal heirs," the bank manager said.
The forum, however, overruled the bank and ordered that the loan be released.
Source: timesofindia Jan 25, 2017
கல்வி சார்பான எனது அனைத்துபதிவுகளின் தொகுப்பு
https://www.facebook.com/trdurai.kamaraj/posts/1215353938608488
வங்கி / நிதி சேவை சார்ந்த எனது அனைத்துபதிவுகளின் தொகுப்பு:
https://www.facebook.com/trdurai.kamaraj/posts/1213272965483252
என் முகநூல் பதிவுகளை அதன் தலைப்புகள் வாரியாக வகைப்படுத்தப்பட்டதன் மொத்த தொகுப்பு:
https://www.facebook.com/trdurai.kamaraj/posts/1220044361472779
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