HC summons banker who denied education loan
Sureshkumar.K@timesgroup.com
Chennai:17.07.2018
A State Bank of India SBI manager who had denied education loan to a deserving candidate on flimsy grounds is in trouble, as the Madras high court has directed him to appear in court in person on July 23 and explain RBI guidelines governing education loans.
The SBI Thalaignayiru branch manager should show the rules which stipulated that students with less than 60% of marks could not apply for the loan, said a division bench of Justice Huluvadi G Ramesh and Justice M Dhandapani, warning the manager that if he was unable to produce the suo motu contempt proceedings would be initiated against the banker. The student, A Deepike, has sought Rs 10 lakh as compensation from the bank and the manager for having rejected her loan application on the ground that her father was a loan defaulter. Pointing out that her father not a loan defaulter and that the bank officials made a factually incorrect statement to the court, the girl said they had damaged his reputation.
According to petitioner, she had completed higher secondary examination in 2016-2017 and joined B Sc (nursing) course in Karthikeyan College, Anthananpettai, Nagapattinam. Thereafter, she approached the bank seeking educational loan of Rs 3.4 lakh.
Though the application was accompanied by relevant documents, the bank rejected it on the ground that nursing course did not come under IBA Educational Loan Scheme and that her father was a defaulter.
Challenging the refusal, the petitioner approached the high court. Dismissing her plea, a single judge of the court held that the bank was right in rejecting her application on the ground that her father was a defaulter.
Aggrieved, the petitioner has moved the present appeal, clarifying that her father was not a loan defaulter.
Sureshkumar.K@timesgroup.com
Chennai:17.07.2018
A State Bank of India SBI manager who had denied education loan to a deserving candidate on flimsy grounds is in trouble, as the Madras high court has directed him to appear in court in person on July 23 and explain RBI guidelines governing education loans.
The SBI Thalaignayiru branch manager should show the rules which stipulated that students with less than 60% of marks could not apply for the loan, said a division bench of Justice Huluvadi G Ramesh and Justice M Dhandapani, warning the manager that if he was unable to produce the suo motu contempt proceedings would be initiated against the banker. The student, A Deepike, has sought Rs 10 lakh as compensation from the bank and the manager for having rejected her loan application on the ground that her father was a loan defaulter. Pointing out that her father not a loan defaulter and that the bank officials made a factually incorrect statement to the court, the girl said they had damaged his reputation.
According to petitioner, she had completed higher secondary examination in 2016-2017 and joined B Sc (nursing) course in Karthikeyan College, Anthananpettai, Nagapattinam. Thereafter, she approached the bank seeking educational loan of Rs 3.4 lakh.
Though the application was accompanied by relevant documents, the bank rejected it on the ground that nursing course did not come under IBA Educational Loan Scheme and that her father was a defaulter.
Challenging the refusal, the petitioner approached the high court. Dismissing her plea, a single judge of the court held that the bank was right in rejecting her application on the ground that her father was a defaulter.
Aggrieved, the petitioner has moved the present appeal, clarifying that her father was not a loan defaulter.
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