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SBI displays photos to shame educational loan defaulters, faces flak

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  • Published On: August 13, 2013
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A humiliation to many poor young graduates who had obtained educational loan from the State Bank of India's branch at Tamil Nadu's Bodinayakanur in Theni district: a few days ago the branch displayed photographs of defaulting students and their parents. The bank believes that shaming the defaulters would pressure families to repay the outstanding educational loan, ranging from Rs. 40,000 to Rs. 5 lakh.
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