......All India Bank Employees Association (AIBEA) has described increasing bad loans of public sector banks as a "serious menace" and asked the government to make necessary changes in recovery laws to deal with the issue. "Increasing bad loans of banks is a serious menace. These loans are eating into the very vitals of our banks," C H Venkatchalam, Secretary General of AIBEA, said in a statement here today. AIBEA represents more than 7 lakh employees............
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