All-India Bank Employees Association (AIBEA) has threatened to make public the names of top 7,000 wilful corporate loan defaulters who have defrauded about Rs.70,000 crore.
The union also demanded filing criminal cases against the defaulters.
AIBEA General Secretary C H Venkatachalam also said about 10 lakh employees and officials would go on a one-day strike, called by nine unions on July 29 to oppose what he calls the “anti-people banking reforms being pushed by the government.”
“Wilful defaulters have taken loans for some purpose but have diverted and misused the money,” Mr. Venkatachalam said here. “They owe Rs.70,000 crore to the system. We will reveal their names in a few days.”
He accused the government of going soft on these big defaulters saying, “we believe the government is soft on wilful defaulters.”