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NHRC notice to RBI Governor over deposit, loan ratio

Bhubaneswar, August 3: The National Human Rights Commission (NHRC) has served notice to the Reserve Bank of India (RBI) Chairman over violation of RBI guidelines on deposit and loan ratio.
Acting on a petition filed by Angul-based Human Rights Watch, the commission on July 30 sought an action-taken report within eight weeks.

Petitioner and Human Rights Watch secretary Sangita Swain alleged that all banks in Angul district are violating RBI guidelines on the deposit and loan ratio.

“As per the RBI guidelines, banks must provide 60 per cent amount towards loan out of its deposit amount, in the same district but the bankers are providing only 48 per cent and SBI provides only 29 per cent amount towards loan in Angul district for which unemployed youths are not getting opportunity to avail loan from banks for self employment,” alleged the petitioner.

“Such acts of banks violate human rights to be self-dependent due to inaction and unlawful action by the bankers,” petitioner contended.

She prayed the commission to take criminal/disciplinary action against the bankers by filing FIR against them and necessary steps to maintain the RBI guidelines in deposit and loan ratio to provide loan to the unemployed youths. 

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