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The Hindu
The Hindu
National
The Hindu Bureau

Banks warned against issuing loan recovery notice to farmers

Dharwad Deputy Commissioner Gurudatta Hegde has warned banks against issuing notice for recovery of loans and said that action will be taken against them and they will reported to the government, if they fail to follow the government direction.

Speaking at a District Level Review Committee and District Consultative Committee meeting in Dharwad on Wednesday, Mr. Hegde said that the district has already been declared drought-hit by the State government.

“Such being the case, crop loan restructuring has to be done. However, some bank managers have been found to be issuing loan recovery notice to farmers. Action will be taken against such officials,” he warned.

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