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Loan Mela

Ugly side of 'loan melas': Here is why this bank union is opposing public sector banks' credit fests

Ugly side of 'loan melas': Here is why this bank union is opposing public sector banks' credit fests

Mon, Sep 05, 2022

The Maharashtra State Bank Employees Federation (MSBEF) on Monday opposed 'loan melas' organised by state-owned banks, saying that credit granted without much diligence at such events lead to pile-up of non-performing assets.

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