NEWS & ADVICE : PERSONAL LOAN
ICICI Bank to auction pledged gold jewellery to recover loans
By Vaibhav Aggarwal
Mar 7, 2013
Print    Email    RSS   

Private sector lender, ICICI Bank will auction pledged gold jewellery weighing around 25 kg to recover loans on borrowers defaulting on their payment.

The auction will be conducted across various branches of ICICI Bank across Uttar Pradesh for gold jewellery deposited by about 100 customers as collateral for their loans. ICICI Bank declared in the public notice that the auction will be held on March 16.

"Since the borrowers have failed to repay their dues under the facility, we are constrained to conduct an auction of the pledged gold ornaments on March 16, 2013," the bank said in a public notice.

It further said, "In the event any surplus amount is realized from this auction, the same will be refunded to the concerned borrower and if there is any deficit post the auction, the balance amount shall be recovered from the borrower through appropriate legal proceedings."


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Bank loans that could glitter for you
Know about Form 16
Benefits and drawbacks of personal loans...
LAP or personal loan: Which one to choose?
A chronicle of excesses by loan recovery...


9461242837 Mohini vashi karan speci alist
%%जय माता~~~+91-8740965315 divorce...
ऑस्ट्रेलिया love...
!!~9910⋙255⋙145⋙ Caℓl ℊiℛls In Noida...
9910⋙255⋙145⋙ Mahipalpur Karol Bagh Paharganj...
O99&11-2821-29 caℓℓ Russian Girℓ In Vasant...

NEWS THIS WEEK
SBI bank opened 548758 savings accounts in Chhattisgarh under PMJDY Nov 28, 2014
SBI visited school to introduce pehli Udaan in Ashok nagar Nov 27, 2014
Rising Fake currencies circulation a big worry Nov 26, 2014
Andhra Bank did charity work as part of the founders day. Nov 25, 2014
SBI to revise and introduce some charges Nov 24, 2014
News Archive