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Employees and officers working in Central Bank of India would take out a procession here on Saturday demanding stringent action against wilful loan defaulters by booking criminal cases against them.
This was stated in a joint press release issued by Central Bank of India Employees' Association and Central Bank Officers' Union.
Indian Banking system is incurring huge losses because of mounting debts due to the non-repayment of loans taken by various corporate houses and "other important personalities of the society", CBIEA General Secretary P Udaya Bhaskar and CBOU General Secretary M Venkateswarlu said.
