ICICI bank in soup; tells Covid orphans to repay home loan
New Delhi, April 5: The apex child rights body, the National Commission for Protection of Child Rights (NCPCR), issued a notice to ICICI Bank in support of four minor orphans. ICICI bank has asked orphans who lost their parents in the second wave of covid-19 and are in financial distress to repay their home loan.
According to the complaint filed with the NCPCR, the bank is contacting the grandparents of these four siblings over the repayment of a loan taken out by the parents of the minors who died of Covid-19.
"The Commission requires you to physically appear before the Commission in this matter to furnish an action taken report on April 20, 2022, and to explain the reasons for not furnishing the requisite information sought by the Commission, "read the notice issued.
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According to the commission, these children are experiencing a serious financial crisis.
These minors' parents took out a loan for Rs. 25 lakh, of which they paid back 7 lakh prior to getting infected with Covid and succumbing to the disease during the second wave.
After the bank official to whom NCPCR's letter was intended did not react, NCPCR sent another letter to the bank's senior authorities, asking why they had not responded.
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-PTC News
