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Harassment For Loan Processing, Shamrao Vithal Co-operative Bank

Complain ID : CCN033360   28  

Banks Complaint Complaint Date: September 11, 2019
Modified date: October 5, 2019
Dear Sir,

SVC Co- Operative Bank Ltd. has assured us of a loan multiple times. We have been in the process since January 2019. We have cleared all the requirements and fulfilled all the paper work and documents as per their need and requirement.And we were given to believe that the loan will be processed.They took 9 months of our time giving us hope that they will surely process our loan.We kept on asking for the sanction letter repeatedly but they kept false promising us and ragging us till today when we were informed about the loan disapproval on a phone call. Due to this our company SOLES Fashions Pvt Ltd is now into a financial crisis as we were depending on this loan.Our financial situation and defaults were completely known by the bank and they guided us to make certain payments at the earliest so that they can sanction the loan.As per their guidance we went ahead and we have borrowed,pledged, sold our assets and done everything we could from our behalf to fulfill their expectations.

Our Head communication point was Mr. Anup Shenoy and he has made multiple visits to our office along with his team and assured us of the loan.

Most of the email id given are not valid @ they dont have a Nodal officer too

They website is also not clear and no information needed are provided

We hope you take quick action against SVC Bank

Attaching you a copy of some of the SVC Members who were in constant touch with us, and they have spent hours together at our premises investigating Financials, Stocks, Factory,Machinery, Outlets and more

After all this they had assured us of the loan
Complaint Against : Shamrao Vithal Co-operative Bank

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