Neyyattinkara twin suicide: Bank officers slam move to implicate manager | Thiruvananthapuram News

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THIRUVANANTHAPURAM: The state committee of the All India Bank Officers Confederation (AIBOC) has condemned the move to implicate the branch manager of Canara Bank in the suicide of the mother and daughter at Neyyattinkara. The manager was only trying to recover the dues of the bank, said a statement issued here on Wednesday.
The committee also deplored the aggression against banks and bank officers, even while stating that loss of life due to suicide was unfortunate. “Lending to different sections of the society for various activities and trying to recover the same is part of bank officers’ routine job as trustees of public money. It is only natural that banks resort to recovery measures as permitted by the law to recover nonperforming assets,” it said. The Canara Bank branch, the statement said, did only that. “In fact, the manager sympathetically extended SARFAESI action for years after the account turned NPA in 2010. Banks are only trying to comply with stringent RBI norms and achieve performance targets set by the central government.”
“The plight of bank officers is between devil and deep sea. The power of branch managers to extend or modify repayment of NPA accounts is very limited,” the statement pointed out.

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