Day after attachment, bank returns key to house sealed off for non-payment of loan
Thiruvananthapuram: State Bank of India (SBI) on Wednesday returned the keys of a house at Panavoor in Nedumangad here in the district a day after it was attached for non-repayment of loan. The decision came after individuals and organisations pooled in the money the family had to pay to the bank.
The bank officials on Tuesday had sealed the house where a family of three including an 11-year-old girl had been residing alleging that they failed to repay a loan. The incident which threw the family into the street was widely covered by media. The area MLA had also intervened in the issue.
The family had to pay Rs 2.94 lakh to the bank. Though the family sought a reduction in the amount, the bank initially refused. As the bank’s decision invoked protests from various corners the media and area MLA intervened. Following this, the bank deducted Rs 94,000 from the total amount.
Individuals and organisations came forward to help the family and pooled in Rs 2 lakh which the family had to pay the bank. Following this, the bank returned the keys to the house.