Kerala Bank Employees Publicly ‘Name And Shame’ Willful Defaulters Who Owe Above Rs 50 Lakh

The Logical Indian

February 10th, 2017

Source: The News Minute | Image Courtesy: Protest Against Willful Defaulters – CSB Employees & Retirees

The Employees of Catholic Syrian Bank based in Thrissur, Kerala have adopted a unique method of ‘name and shame’ to recover the money from the willful defaulters. With bad debts costing the bank up to Rs 480 crore, the bankers have decided to force borrowers to repay the loan.

“We have non-performing assets of Rs 480 crore for the past year. When we ask the borrowers to repay the amount, they state that they are out of funds and have no money to disburse. We checked their different accounts and found that a large number of transactions go through every day. They all are wilful defaulters. Therefore, we framed a committee and planned to organise a silent protest. We spoke to the defaulters in January and politely told them to submit the money back or else we will declare their names publicly. Few agreed and promised to pay but did not come back. We sorted out the list and wrote down the name of defaulters above Rs 50 lakh,” says one of the employees, Hari Krishnan, speaking to The Logical Indian.



More than 500 employees and retirees of the Bank have come forward for this campaign. They form a group of thirty to forty people and silently protest in front of the house of willful defaulters. They carry banners and placards.

Hari Krishnan says that it is completely an employee-driven movement and the management has no role. It is against people who have deliberately defaulted on the loans. We don’t shout but just request people to payback their loans so that we can get our salaries. They are leading a luxurious life at the expense of the bank.



The bankers also presented rose flowers and shamed them into paying the loan. The strategy to collect bank money is successful to an extent, and they have received some of the money back. They will continue till they get half the money back and the balance sheet looks stable.

This silent protest is done every week on Thursdays for half an hour and in a way that it does not affect the normal functioning of the bank.



Last year in July, Punjab National Bank in Telangana Circle did something similar to recover money from bad debtors. They called this march “Gandhigiri”, and as a part of this campaign, the team would visit the major Non-Performing Assets borrowers and offered flower bouquets to them.


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