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
Some admissible deductions under Income...
Man caught for committing bank fraud
A chronicle of excesses by loan recovery...
Pros and Cons of Personal loans
Know about Form 16


!! lotteRy ~+919988864462 @!3 vaShikaraN sPecialiSt...
who this bank give my name in your defolter list my...
ZZZसंतोषी माता...
Pune Call Girls CALL OR WhatsApp,+91 8698693666,...
baner call girls 9860166583 ~~~ 9767821144 ravet...
Pan card no.-BMDPK9839B

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive