Under the pressure of heavy protests and demand by the bank employees to reveal the names of the industrialists charged with millions of rupees of debt (taken from the banks) against their names - the CII has stated in a press meeting that it would ask the union government for withdrawal of its proposal to closedown the 3 nationalised banks. But even after that the organisations of the banks employees are not receding from carrying on with their prospects and demand for either return of the huge amount of loans taken from the banks by the industrialists or public disclosure of their names. Moreover, these organisations have seriously changed the president of the CII (Mr. Rahul Bajaj) itself and also Mr. Arun Bharatam, an industrialist and number of CII to have taken loans worth more than Rs. 1000 crores without repaying and part of these loans. The assistant secretary of AIBEA, Ramanand, has remarked that the CII cheifs should not take the public for granted.

The list published by the CPI consists of the names of Premier Vinyle Flooring Limited and Modi Industrialist Limited of Uttar Pradesh on one hand and Ganapati Exports Limited, Wellman, SCIL of West Bengal on the other. Mr. Bardhan said that the sources of nationlised banks reveal a principal loan amount of Rs. 51,000 crores which has not been repaid while the interest thereof at the compound interest rate will nearby double this amount. The same is the case for private sector banks and financial institutions and the principal loan amount in their case is Rs. 58,000 crores. He moreover said that there have been no real intentions of the government with regard to loan recovery. The existing laws in this respect are a sheer vanity. Mr. Bardhan has demanded more transparency about it. He has said that failure of loan repayment of such mammoth amounts by the big industrial bullies must be regarded as criminal offence. The loans should be recovered in the form of their assets and properties.