The news coming in from Madhya Pradesh reads, Hoshangabad District Cooperative Bank has launched a unique campaign to recover loans.
The defaulters’ names are announced on a loudspeaker fitted to an Auto Vehicle going through the entire city.
Harda branch of Hoshangabad District Cooperative Bank has to get Rs 17 crore from 197 defaulters. Meanwhile, the bank has issued several notices to the defaulters but to no avail.
It is reported that most of the defaulters are BJP and Congress leaders.