Almost every family of the 13,333 employees, who include 8,999 non-executive and 4,334 executive cadres, of the Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), are said to have been spending sleepless nights due to the alleged torture of the bankers for the past few months.
The bankers, the employees allege, want them to repay the Equated Monthly Instalments (EMIs) of the loans availed of in the past, or face action.
The employees are alleging that the bankers have been sending messages, emails, and even making phone calls to remind them of default on loan EMIs. The bankers are also allegedly warning them of deactivating their debit and credit cards, and add them to the list of defaulters. Furthermore, the bankers are allegedly threatening the borrowers with non-payment of principal interest for more than three months to make their loans as Non-Performing Asset (NPA).
