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Waive off my loan like Vijay Mallya: Sanitation worker urges SBI

Currently reading: Waive off my loan like Vijay Mallya: Sanitation worker urges SBI
India TV Business Desk, Nashik [Published on:21 Nov 2016, 8:00:12]

The recent Rs 7000 crore waiver to the corporate honchos including that of Vijay Mallya have not gone down well with many citizens.

A sanitation worker in Maharashtra’s Nashik has written to the State Bank of India seeking a waiver of his Rs 1.5 lakh loan, drawing a comparison with a ‘similar’ waiver wherein the public sector lender reportedly wrote off loans worth Rs 7,000 crore including that of Vijay Mallya-promoted Kingfisher Airlines.

Bhaurao Sonawane, a safai worker with the Tryambakeshawar municipal council in Maharashtra’s Nashik district, said he had written to the SBI, seeking waiver of his loan, “in the same manner in which the bank waived off Mallya’s loan”.

“I have written a letter to the bank, congratulating it for the ‘good decision’ to waive of Mallya’s loan. I requested SBI to waive off my loan as well,” Sonawane told PTI.

“I took this loan to meet expenses on my son’s illness,” he said, adding that the bank manager is yet to respond to the letter.

Sonawane’s demand comes against the backdrop of finance minister Arun Jaitley asking opposition members in the Rajya Sabha not to go by the literal meaning of write-off.

“So there is a little bit of malapropism involved in this. Don’t go by literal meaning write-off. Write-off does not mean loan waiver. Loan still remains. You still continue to pursue,” Jaitley had said, during a debate in the House on the government’s demonetisation action.

Jaitley was replying to CPI(M) leader Sitaram Yechury who referred to a newspaper report which said SBI wrote off loans of wilful defaulters including Rs 1,200 crore of Kingfisher Airlines.

PTI inputs

Vijay Mallya- India Tv
Vijay Mallya Photo: PTI