4.6 GoI is requested to examine the issue of GoI Reply awaited from Government insurance cover to poultry birds of India 4.7 Emu farming: NABARD is requested to GoI/NABARD SLBC has requested the NABARD permit the banks to adjust the backend vide Lr.No.666/30/07/356 dated. subsidy to the credit of loan accounts 05.09.2015 to takeup with their before lock in period where the units Central Office, NABARD for have become defunct owing to reasons expedite the matter. beyond the control of the farmer and Reply awaited from the NABARD SLBC also requested NABARD to conduct / Government of India. evaluation study to suggest remedial measures to overcome the problems in emu farming. 4.8 Difficulties faced by banks in registration GoAP SLBC has requested the Chief of Police Complaints: The banks are Secretary, GoAP vide required to register complaints with the Lr.No.666/30/196/267 dated Police for various reasons, more 31.07.2015 that GoAP may issue particularly in case of frauds / attempted suitable instructions to the frauds perpetrated by the fraudsters. Police Authorities to allow banks This is essential to comply with the to file the complaints in the guidelines of the Govt., RBI and the bank. Police stations of the state. But banks face challenges as Police authorities do not accept to register the Reply awaited from the complaints citing various reasons even in Government of Andhra Pradesh cases where the bank / customer has suffered actual financial loss. In respect of cases where there is no financial loss to the bank/ customer or where the money involved has been recovered, the Police do not entertain the complaints thus putting the banks to unnecessary hardships for being unable to comply with the directives of RBI. (Issue raised by IBA) 4.9 Need for CERSAI like system for Vehicle GoAP SLBC has requested the Chief loans: The banks have been witnessing Secretary, GoAP vide the incidence of quick mortality accounts Lr.No.666/30/196/267 dated and rising frauds under Vehicle loans. The 31.07.2015 for resolution / factors for such incidences are mainly as direction. follows: The loan proceeds are misutilized
4.6 GoI is requested to examine the issue of insurance cover to poultry birds GoI Reply awaited from Government of India 4.7 Emu farming: NABARD is requested to permit the banks to adjust the backend subsidy to the credit of loan accounts before lock in period where the units have become defunct owing to reasons beyond the control of the farmer and SLBC also requested NABARD to conduct evaluation study to suggest remedial measures to overcome the problems in emu farming. GoI/NABARD SLBC has requested the NABARD vide Lr.No.666/30/07/356 dated. 05.09.2015 to takeup with their Central Office, NABARD for expedite the matter. Reply awaited from the NABARD / Government of India. 4.8 Difficulties faced by banks in registration of Police Complaints: The banks are required to register complaints with the Police for various reasons, more particularly in case of frauds / attempted frauds perpetrated by the fraudsters. This is essential to comply with the guidelines of the Govt., RBI and the bank. But banks face challenges as Police authorities do not accept to register the complaints citing various reasons even in cases where the bank / customer has suffered actual financial loss. In respect of cases where there is no financial loss to the bank/ customer or where the money involved has been recovered, the Police do not entertain the complaints thus putting the banks to unnecessary hardships for being unable to comply with the directives of RBI. (Issue raised by IBA) GoAP SLBC has requested the Chief Secretary, GoAP vide Lr.No.666/30/196/267 dated 31.07.2015 that GoAP may issue suitable instructions to the Police Authorities to allow banks to file the complaints in the Police stations of the state. Reply awaited from the Government of Andhra Pradesh 4.9 Need for CERSAI like system for Vehicle loans: The banks have been witnessing the incidence of quick mortality accounts and rising frauds under Vehicle loans. The factors for such incidences are mainly as follows: The loan proceeds are misutilized GoAP SLBC has requested the Chief Secretary, GoAP vide Lr.No.666/30/196/267 dated 31.07.2015 for resolution / direction.
191st%20SLBC%20of%20AP%20-%20AGENDA.docx