To consider the applications or cases filed by aggrieved borrower or Guarantors or 3rd parties, Facts Finding Reports along with Staff side Lapses Reports be summoned by Court/DRT/DRAT etc at all levels as mandatory which will reveal the truth and deliberate & intentional faults committed by Bank`s staff/Executives. Money influence and recommendations will be unearthed automatically. Disciplinary Actions will have direct adverse impact against the procedural lapses more seriously committed by Executives and to book them through CBI or Economic Offences Wings or Police subject to their applicable jurisdictions.
Authorised Officers of Bank`s are badly involved in unfair actions and are not aware about the exact legal requirements, so please provide any draft which can be filed in DRT/DRAT to penalise him. Banks are committing 101 lapses but borrowers or Guarantors or 3rd persons are being harassed.
Moreoever, Bank`s are not filing their RECOVERY POLICY WITH BENCH MARK RATING YEARLY duly approved by RBI nominee or alternate Nominee directors on their Board of Directors. Various Inspection & Audit Reports periodically conducted are not made part of O.A. and kept quite concealed from DRT/DRAT.
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