Maharashtra state bank employees union protests govt loan melas

The federation's secretary, said in a statement the Congress government before "distributed hundreds of crores" by organising loan melas and now the present government is on the same lines

The Maharashtra State Bank Employees Federation has warned against the union government’s “loan melas”, saying such programmes add to the non-performing assets (NPAs) burden of public sector banks. 

NPA levels of public sector banks are then used as a justification to privatise them. The federation’s secretary, Devidas Tuljapurkar, said in a statement the Congress government before "distributed hundreds of crores" by organising loan melas and now the present government is on the same lines.

Instead of such programmes, the government should address policy issues such as effective legal structure for recovering overdue loans and timely appointment of board of directors.