Today, i.e. on 23rd February 2011, a NOINO delegation consisting of Shri Ganesh Kamath, GS, NOINO & Shri Dattaraj Prabhukhanolkar, GS, NOINO Mumbai unit met Managing Director Shri D K Mehrotra on the issue of problems in the Housing loan portfolio after it was transferred to LIC HFL.
The delegation narrated the various problems associated with this issue like increase in instalment (non-receipt of subsidy), possible hike in interest rates, callous & casual approach of HFL officials, difference in Procedures & Rules of LIC & HFL, employees being directed towards agents etc. The delegation submitted that on 6.12.2010 NOINO had demanded that the Housing loan portfolio should be brought back to LIC & reiterated the demand.
Shri Mehrotra patiently heard our submission. He said that the LIC HFL officials have been apprised of the problems faced by the LIC employees. He said that most of the problems would be sorted out within a few days. He also asked us to submit specific cases where the problems had occurred. We would be submitting a few representative cases tomorrow. We, however, insisted that there were lot of practical problems which would be difficult to overcome & hence the only solution was to bring back the portfolio to LIC. On this, Shri Mehrotra said that the situation will be reviewed after some time & depending upon the same, action would be taken if the need is felt.
NOINO will continue to follow-up this issue.
The delegation narrated the various problems associated with this issue like increase in instalment (non-receipt of subsidy), possible hike in interest rates, callous & casual approach of HFL officials, difference in Procedures & Rules of LIC & HFL, employees being directed towards agents etc. The delegation submitted that on 6.12.2010 NOINO had demanded that the Housing loan portfolio should be brought back to LIC & reiterated the demand.
Shri Mehrotra patiently heard our submission. He said that the LIC HFL officials have been apprised of the problems faced by the LIC employees. He said that most of the problems would be sorted out within a few days. He also asked us to submit specific cases where the problems had occurred. We would be submitting a few representative cases tomorrow. We, however, insisted that there were lot of practical problems which would be difficult to overcome & hence the only solution was to bring back the portfolio to LIC. On this, Shri Mehrotra said that the situation will be reviewed after some time & depending upon the same, action would be taken if the need is felt.
NOINO will continue to follow-up this issue.
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