DISTRICT MAGISTRATES WHO LITERALLY INSULT 'SARFAESI ACTS' AND 'EQUITABLE MORTGAGE'; MAY NOT BE ALLOWED TO CONTINUE THEIR SERVICE TILL THEIR RETIREMENT AGE !!!

"District Magistrates who literally 
insult 'SARFAESI ACTS' and 
'EQUITABLE MORTGAGE'; 
may not be allowed to 
continue their service 
till their retirement AGE. 
The tax collection amount of the 
Indian salaried persons are indirectly 
used for NPA accounts PROVISIONS; 
to acquire any NPA borrower's mortgaged 
property, why some District Magistrates 
don't give PERMISSIONS ?
All the PSU Banks and 
Private Banks must file 
a PIL against 
this type of 
callous attitude by 
any District MAGISTRATE; 
the Supreme Court must pass an order 
that under Sarfaesi Act, any NPA 
borrower's mortgaged property can be 
acquired by the Bank by issuing its 
Head Office sanctioned 
'Property Acquisition CERTIFICATE'. 
In majority of Banks, the original dalil, 
parcha of farming lands are kept 
as mortgage in Kisan credit card 
loan ACCOUNTS; 
the bank may sell those lands to other 
persons with a 90 days notice to the 
respective owner of the farming lands 
with higher selling price AMOUNTS. 
CIBIL database must be linked 
with 'Bancslinc', 'Finacle' and 
'Flexcube' CBS SOFTWARE; 
the moment a customer wants a loan, 
press 'F8' on his/her CIF, to know how 
his/her credit portfolio WERE. 
After pressing 'F8', if any customer's 
CIBIL score is neither '-1' nor '700 
or above', at PRESENT; 
straightaway, write on his/her loan 
application form, 'Your loan application 
is rejected' STATEMENT."- Arindam Sain