Legal Question in Banking Law in India
I was taken a pmry loan of rs.1 lakh from united bank of india (malisahi branch) on 2005 for small business purpose. but bank give me 50 thousand in cash and 32 thousand fixed in bank against my loan account. i'm not continue my business, i loss my business, now bank notice me to make payment 60 thousand and interst. so what i do plz suggest me
Asked on 1/27/12, 3:51 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
complain to the Banking Ombudsman if the bank is unreasonable. Other wise, approach t he higher authorities in the bank for an amicable settlement.
Answered on 1/27/12, 7:02 pm
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