Letter to BS: Banks should share loan defaulters' details with one another

There is also the problem of retired bank staff acting as middlemen to get loans from banks

This refers to “Whistleblower letter alleges kickbacks to Kochhar brothers” (April 17). New laws have been brought to tackle non-performing assets (NPAs) of public sector banks. We also need to handle the problem of kickbacks to bank officials by defaulters. Unless kickbacks are dealt with with a firm hand, laws alone will not help. Big borrowers default on bank loans and the media gives prominent coverage. 

There are student loan defaulters, and gold loan defaulters taking small amounts in loans too. If a person takes loan, the bank should delve into his past details of money borrowed. Banks should share