Private Bank Holds Woman Hostage Over Missed Rs 770 Loan Installment


Mohul Ghosh

Mohul Ghosh

May 05, 2024


In Tamil Nadu’s Salem district, a private bank branch reportedly held a woman captive on Wednesday after her husband failed to deposit a loan installment. The woman was released only after her husband paid the installment of Rs 770.

Loan Details

The husband, identified as Selvam, a daily wage earner from Dukiyambalayam, borrowed Rs 35,000 from the bank. He was required to repay Rs 770 weekly for 52 weeks due to financial difficulties.

Confinement at Bank

When Selvam missed this week’s installment, a bank employee, Suba, visited his home but found him absent. Consequently, Selvam’s wife was taken to the bank and confined there until the installment was paid.

Resolution Amidst Protest

Selvam rushed to the bank upon learning about his wife’s situation. Despite his protests, the bank insisted on payment before releasing his wife. Subsequently, he paid the installment in the presence of a police officer and retrieved his wife.

Public Outcry

The incident has sparked public outrage, prompting questions about the bank’s actions and borrower treatment in financial institutions. Customers and the public have strongly condemned the bank’s actions, calling for accountability.


Mohul Ghosh
Mohul Ghosh
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