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UNETHICAL PRACTICES FOR LOAN RECOVERY IS A TREND SEEN ONLY IN PRIVATE SECTOR BANKS – SAYS VIJAYA BANK’S ALL INDIA CHAIRMAN AND MANAGING DIRECTOR, PRAKASH MALLYA

vijaya-bank-3Unethical practices and harassment by loan recovery agents is a trend in private banks and not public ones, said Vijaya Bank’s All India Chairman and Managing Director, Prakash Mallya in an interview with NMTV News. Hitting directly at the unethical practices and harassment for loan recovery by private banks that has marred the otherwise immaculate image of the banking sector, Vijaya Bank’s All India Chairman and Managing Director, Prakash Mallya said that the trend wasn’t seen in public banks but only private ones. The Vijay Bank Chief was in the city to inaugurate an ATM center at Vijaya Bank’s Vashi branch. Speaking about the appeal of the Finance Minister to bring down interest rates, he did not hint at this coming true anytime sooner but did assure that the interest rates would atleast not go higher. With cameraperson Abhay Prasad, Sana Warsia for NMTV News.

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