Fired Techies On Verge Of Turning Bank Defaulters

21

http://www.archives-zoliennes.fr/?vuiere=rencontre-rodez&aec=ac Several IT firms have fired hundreds of employees in the name of “restructuring” and “automation.” Now, most of those techies are on the verge of becoming bank defaulters. Many of them say they are being crushed under the weight of mounting credit and debts.

gay dating first message “The recovery agents even went to my native village and asked my friends about my whereabouts,” says a techie who lost his job with Tech Mahindra last year. “I owe them about Rs 2 lakh.” He says he had an annual package of Rs 6.5 lakh and was paying a monthly EMI of Rs 28,000 to banks. “As I could not bear the embarrassment, I paid back the debt by taking hand loans from friends.”

ALSO READ:  India’s Cyber Security Chief Avoids Netbanking Above 25,000 To Say About ‘Issues’

go here Most of them who lost their jobs were mid-level professionals with over eight years of experience. The immediate impact was on their credit history. A credit restoration consultant observed CIBIL score, a common benchmark checked by banks to grant loans, gets affected as loans pile up. This makes them ineligible to procure further loans from banks.

click here “About 90 per cent of techies, who come to me, have accumulated a poor CIBIL history,” said M Rajendranath, CEO of Emerald credit services. “The CIBIL score reduces by 5 points every month if loan payments are overdue. Eventually, a poor score would be cited by banks as a reason for further loans not being granted.” An error of even `50 written off against a person’s name makes them defaulters, he added.
Meanwhile, IT welfare organisations observed that an EMI holiday should be given to terminated techies. “They are not willful defaulters; nor are they going to run away,” said Kiran Chandra, a member.

ALSO READ:  Social Media 'Hoax Busted' As All Banks To Function Normally In September First Week

watch Ravi Dharmavarapu, a techie who was fired, took to social media to campaign about ‘illegal termination’. He reached out to several celebrities and politicians. He said government was not paying attention to illegal terminations. He said he was struggling to meet his financial needs. He is one of the several techies who filed a writ petition against their termination with HC. #KhabarLive

11 COMMENTS

  1. source site I simply want to say I am very new to blogging and site-building and absolutely loved this web page. Probably I’m going to bookmark your blog . You certainly have remarkable articles. Cheers for revealing your blog site.

  2. follow link I know this if off topic but I’m looking into starting my own weblog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet smart so I’m not 100% positive. Any recommendations or advice would be greatly appreciated. Many thanks

  3. http://faithsmedicalservices.com/maljavkos/5855 Hey there I am so happy I found your blog page, I really found you by error, while I was browsing on Aol for something else, Nonetheless I am here now and would just like to say many thanks for a remarkable post and a all round exciting blog (I also love the theme/design), I don’t have time to browse it all at the minute but I have saved it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the awesome job.

  4. go site Woah! I’m really enjoying the template/theme of this website. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between user friendliness and visual appeal. I must say that you’ve done a great job with this. In addition, the blog loads super fast for me on Chrome. Excellent Blog!

  5. Howdy would you mind stating which blog platform you’re using? I’m looking to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Sorry for getting off-topic but I had to ask!

  6. Hey there! I’ve been reading your blog for some time now and finally got the bravery to go ahead and give you a shout out from New Caney Tx! Just wanted to tell you keep up the excellent job!

  7. Hey there! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Many thanks!

  8. I was curious if you ever thought of changing the page layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 pictures. Maybe you could space it out better?

  9. I really like your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to construct my own blog and would like to know where u got this from. thank you

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.