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Urgent Notice: Significant Outstanding Loans with Willful Defaulters at Karuvannur Bank

Significant Outstanding Loans with Willful Defaulters at Karuvannur Bank

Karuvannur Bank. Currently, the bank is dealing with a distressing issue concerning substantial outstanding loans totaling Rs 343 crore owed by 90 willful defaulters.

This situation poses a severe threat to the financial stability and viability of the bank. The individuals listed as willful defaulters have knowingly and deliberately failed to honor their financial obligations, thereby jeopardizing the trust and integrity of the banking system.

We are actively engaging with relevant authorities to explore all available legal avenues to recover these funds and hold the defaulters accountable for their actions. The consequences of such willful defaults not only impact the bank but also have far-reaching implications on the economy, financial sector, and public trust in banking institutions.

We request your immediate intervention and support in addressing this critical issue to ensure the recovery of the outstanding amounts and to safeguard the interests of our depositors and stakeholders.

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