ICICI bank employing armed thugs to recover loans – they are harassing men and women without any regard to human rights – India’s Reserve Bank warns ICICI Bank
Tarin Lahiri
Nov. 20, 2007

The bank that boasts Sharuk Khan as its ambassador is in the middle of human right violation of its own customers. ICICI banks has learnt from the Western Banks how to recover loans. They are hiring armed thugs as performance based loan recovery agents. If you are late in making payment on time to ICICI bank, now you mat expect an armed thug to approach you and threaten you.

According to sources from Rajya Shabha, Reserve Bank of India (RBI) has warned ICICI Bank of stern action in case incidents of coercive methods by recovery agents of the bank recur. The issue is of violation of human right. These armed thugs – the so called recovery agents are approaching men and women and threatening them with all sorts of things. The cell phone calls at weird times with filthy language and threatening tones are common.

This practices are common in America and Europe. But no one dares to physically abuse a person especially a woman in the western world. The recovery agents will harass you as much they can but then back off when you are to call the cops. In India the thugs employed by credit card companies and banks will do everything they can do snatch your money at any cost.

Recent complaints have shown that it is common practice by these armed thugs of the banks to physically threaten a woman or man.

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