[Resolved]  State Bank Of Hyderabad — education loan

Address:

Visakhapatnam, Andhra Pradesh

complaint[protected].shs'Inefficient sbh managers are becoming thorns in customers
Here is a clear story of the state bank of Hyderabad Mr. Sai Prasad managers inefficient nature is becoming a thorn to innocent customers in Visakhapatnam .visakhapatnam may be a metropolitan city due to its naval base and steel plant.but the locals are very innocent. these people are taken it granted by the highly educated . Tactful inefficient,non co-operative and non humane manager.
Coming to a practical story .Mr. Nyayapathi josephraj Sharma amd Mrs. Sharon chowdary both wofe and husband are running a vilm studio in Visakhapatnam. The husband is a photographer and the wife is a editing personnel. they have a sb accont since 1998. As the city is developing their business also grew so the income and their income tax.
In 2010 Mr.prasad who was the manager of sbh (H.B.colony branch) had taken an initiative to encourage these small entrepreneurs to settle in their fields by giving them a house loan No.[protected]. on[protected]IN 2010 for an amount of 19,46,000 plus compulsory insurance cover for 93,943/ and a top up loan of 2,00,000/ in on[protected] woth an loan ac no[protected] to this couple. This house is not only a house but it is also designed to have their own studio set up with editing equipment.TILL NOW THE STORY IS GOOD.
The couple has a blessed twins qa boy and a girl who had passed 10 plus 2 intermediate in Visakhapatnam with more than 90 percent marks. Added to this the boy got a good rank in iit jee and opted for naval arch course in Indian maritime university a central university which takes only iit jee top ranker as its students every year(only 30 seats) in Visakhapatnam.the girl also a very good rank in AEEE ( a test which will give the admission in niits formerly regional engineering colleges) had got admission in niit in a distance place from ap,so they had admitted the girl in Visakhapatnam the best college Gayatri college .
The problem started here. Till 2012 march they had paid all the installments regularly except a 6,000 pending . in the month of may 2013 the results has come for the both the students.the education pilligramage started for the parents who are self employed.(when they go out they loose some amount which they can earn).and meeting the examination fee to different colleges roughly 10,000/ to each kid and councilling fees to imu itself is as hefty as 10,000 despite it is a central university. Thus they were in spending on kids loosing the working man hours reflected slightly on their income as weel as they insatal payments. As on 20 march their due for h.loan stood 28,000/ amd top up loan 2,356(after paying 34 months regularly to the tune of more than 6,00,000/(some amount may be for principal and some amount for interest part.even this lapse would have been avoided but due to the new bank manager Mr.SAI PRASAD who is adamant non co-0perative to small entrepreneurs
MR.SAI PRASAD WHO IS THE NEW MANAGER TO THE STATE BANK OF HYDERABAD IN (HB COLONY )VISAKHAPATNAM HE STARTED SEEING THIS FAMILY AS THE DEFALTERS TO THE BANK SO HE STATRED TREATING THEM AS ENIMIES( THEY PAID ALL THESE 34 MONTHS WITHOUT A SINGLE BREAK BUT AFTER 2013 MAY THEY MIGHT HAVE PAID A FEW THOUSANDS LESSER INSTLMENTS SO THAT THE 30 THOUSANDS WOULD HAVE ACCUMULATED.
THE MANAGER PRAQSAD EVEN DID NOT GIVE THE EDUCATION LOAN APPLICATION FORM.IN FACT HE IS BOUND TO GIVE THE EDUCATION APPLICATION FORM.HE IS NOT THE AUTHORITY TO DECIDE.RECP IS THE AUTHORITY TO SANCTION LOAN. AS THE GIRL STUDENT NEEDS LESS THAN 4 LACS AS UNSECURED LOAN IS TOTALLU ILLEGAL.WHO IS HE TO STOP A MERIT GIRL STUDENT FROM GETTING UNSECURED EDUCATION LOAN?
THE BOY HE GOT ABOVE 90% MARKS IN INTERMIDIATE(10 PLUS 2) AND SECURED A VALUBLE RANK IN IIT JEE(AN ENTRANCE TEST TO GET IIT SEAT).NEEDS NINE LAKHS AS EDUCATION LOAN. FOR HIM ALSO HE DID NOT GIVE EVEN APPLICATION FORM .STATING THAT YOUR ACCOUNT IS DEFAULT. IS 30 THOUSANDS IS A VERY BIG DEFAULT AMOUNT WHEN THEY ARE PAYING INSTALMENTS EVERY MOINTH WITHOUT FAIL ACCORDING TO THEIR FUND AVAILABILITY? DON’T THE MANAGER HAVE ANY HUMANE NATURE IN REJECTING TO GIVE EVEN APPLICATION? WHO IS HE TO STOP THEM TO GET THEIR FRANCHISE OF EDUCATION LOAN AS A BRIGHT STUDENTS:THE COUPLE WOULD HAVE PAID EVEN THIS THIRTY THOUSANDS WITHOUT DUES AS THEY HAD PAID 1,45,000 TO THEIR SON WHO HAQD JOINED IN INDIAN MARITIME UNIVERSITY( 1,25,000 AS IST INSTALMENT FEE PLUS10,000 AS SECURITY DEPOSIT AND 10,000 FOR COUNCILLING) YET INE MORE LAC IS DUE TO PAY BEFORE MARCH 28,2013 AND FOR HIS DAUGHTER HE HAD PAID ROUGHLY 60,000 BY TAKING LOANS FROM OUT SIDE FOR A HUGE INTERESTS.HE HAS TO SHALL DOWN MONTHLY INTERESTS. IF THE MANAGER HAD RESPONDED PROPERLY THE INT PART MIGHT HAVE BEEN PAID TO THE BANK ITSELF FOR THE LAST 7 MONTHS TO THE TUNE OF 3000X7=21,000/ .
BECAUSE OF HIS NON CO OPERATION THEY HAVE TO VISIT MANY BANKS FOR THE EDUCATION LOANS.THUS THEY ARE WASTING THEIR MAN HOURS AND LOOSING INCOME AS WELL AS EXPENSES. FINALLY ALL THE BANKS STATES ONE THING WHEN YOUR MAIN HOUSING LOAN IS IS WITH SBH WHY SHOULD U COME TO US? WHY THEY ARE NOT GIVING THE LOAN? YOU MAY BE THE BAD PARTY THAT MAY BE REASON THAT UR SBH IS REJECTING U EVEN TO GIVE APPLICATION FORMS.
THIS IS A HORRIBLE SITUATION FOR THIS COUPLE. THEIR TWINS ARE ACADEMICALLY EXCELLENT BUT BANK MANAGER OF STASTE BANK OF HYEREBAD IS WORST FELOOW AND ACTING ARROGANTLY BY NOT GIVING THER EDUCATION LOAN TO THESE YOUNG ENGINEERS DESPITE THEY HAVE A OWN FLAT WHOSE WOTH IS 50 LACS.EVENTHE SBH APPRIER GIVEN A STATEMENT THREE YEARS BACK IT S WOTH AS 30 LACS(PRESENTLY IT IS MORE THAN 50 LACS,
NOW THE PATHETIC SITUATION OF THIS PARENTS IS IF THEY DON’T GET LOAN THEIR KIDS ARE NOT ALLOWED IN THE COLLEGES IF THEY DON’T PAY THE FEES BEFORE 28 MARCH 2013.IF THEIR EDUCATION STOPS THE STUDENTS WILL PUT SHAME IN FRONT OF THE OTHER STUDENTS DUE TO THE ONE STUPID MANAGE SAI PRASDS INHUMANE ACT. EVEN THE PARENTS HAVE NO ALTERNATE EXCEPT TO COMMIT SUCIDE. THEY DON’T HAVE ANY OTHER SOURECE TO MEET THE EXPENSESS.
HENCE I REQUEST YOU TO ACT SERIOUSLY AND ISSUE ORDERS TO THE MANAGER PRASAD TO GRQANT LOANS OTHER WISE YOU THE STTE BANK OF HYDERABAD ARE THE TOTAL RESPONSIBLE FOR ANY UNEXPECTED DEED DUE TO SHAME BY THE PARENTS.
CC TO THE SUPREME COURT OF INDIA
CC TO THE HIGH COURT OF INDIA
CC TO AMBUDS MEN
CC TO ALL OFFICIASLS OF SBH
SENDER .N.J.RAJ
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complaint[protected].shs'