Goondas can’t be used for loan recovery

I fully support the editorial “No goondagardi: Recover loans, but legally”. Assets liability management is an important function of the banks. Any mismatch tells upon the health of a bank. Banks act as custodians of public money and guarantee payment of interest on deposits upon a stipulated period.

Likewise, when public money is advanced to any entrepreneur or any business activity, there is always a feeling that apart from joining hands with the government machinery to give a fillip to the economic health of business unit or an individual, the income generation would service the loan component, short term or long term, and obviously generate income for the bank.

When installments fail to come, banks have to take legal recourse for realisation of the loan amount. No doubt, banks are empowered to recover loans through legal means; the Securitisation Act is also in place but legal recourse rolls over years.

There is categorisation of defaulters - those who are compulsive in nature; and the others who develop failure in their business skills. Use of muscle power for loan recovery should in no way be allowed to gain ground and hiring of outside agencies of the same should end.

Alternatively, matters need to be settled by courts speedily so that timely loan repayment gets inculcated in the persons approaching banks for loans.

RAJESH SARAF, Senior bank officer (Ferozepur)


Bitter experience

I am pursuing graduation in Electronics and Communication Engineering at SBSCET, Ferozepur. On February 23, I attended a joint campus placement drive for a technical associate’s post in a Pune-based MNC. I cleared both test and technical interview. The next and last step was HR interview.

It was a group interview of eight candidates by one interviewer. When my HR interview was just to end, he asked me a puzzle and said that he will get back to me later for reply. He then moved to the next candidate. I interrupted him after he spoke to that candidate and gave the correct reply.

Generally, after the interview, the form is forwarded for results with remarks in the HR column. However, since my interview was interrupted because of a puzzle, the HR column in my form was left blank. Later, after two batches were interviewed, the interviewer found the HR column blank and wrote on the top thus: “Did not come for HR interview”. Consequently, I was thrown out of the selection in spite of my good performance.

It was their callous mistake, but it cost my career. I would appeal to those taking similar interviews to be alert and vigilant always.


Chandigarh Museum neglected

I am a resident of New York City where I have frequently seen exhibits at various museums and galleries, incorporating rare and beautiful works loaned by the Chandigarh Museum. Those works have been seen to advantage in the setting that was simple, tasteful and well-illuminated.

It was a major disappointment today to visit the Chandigarh Museum, and to find its exterior in a state of utter neglect — broken pavement, unwatered/dying plants and garbage everywhere. Inside, the statuary and paintings were exhibited in “display” cases that were plain/worn to point of detraction from the beauty of the works, with several lacking any illumination whatsoever.

In these days of increased prosperity, and in this land of artistic talent and abundant paper/fabric material, it is sadly negligent and unimaginative not to present your unique artistic heritage in media which enhance — rather than diminish — its intrinsic beauty.

I write as one who has known India and Chandigarh for more than 40 years, and who knows what can be done by those with the will — as indeed I know what can be expected from those who have no talent or motivation whatsoever. If the Chandigarh Administration does not take the necessary remedial steps, I suggest that The Tribune launch an appeal for private funds to supplements those of the UT Administration, and I shall be glad to make a donation thereto.


Racial divide

Professor Walia’s middle “The racial divide” (Feb 13) was informative and enlightening. His retaliation was quite justified and befitting. Had she kept silent over the driver’s racial and rude remark, the driver would have not learnt a lesson on how to behave with persons of other nationalities.

His ignoring the other nationals’ actions (perhaps all Whites) travelling in the coach proved that it was racial discrimination on his part. After getting an appropriate reply from Prof Walia, he might have realised his folly. He dare not repeat such a blatant mistake in future.

This is an exemplary step taken by Prof Walia in showing how to nip the evil in the bud. Surely, retaliation is one way of reacting against racist conduct. I have all praise for Prof Walia’s timely action in curbing this evil prevailing in some countries.

R.C. SHARMA, Kurukshetra



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