Salem, May 2: A private bank in Tamil Nadu's Salem allegedly held a woman hostage over an unpaid loan installment of Rs 770 on Wednesday, May 1. The distressing ordeal occurred when the woman's husband, Selvam, failed to deposit the required amount. Having taken a loan of Rs 35,000, Selvam was obligated to repay Rs 770 on a weekly basis. However, when he missed the installment for the week, a bank employee visited his home to collect the payment, only to find Selvam absent.

According to a report by News Nine, the husband, identified as Selvam (name changed), works as a daily wage labourer in Dukiyambalayam, near Vazhappadi. Facing financial difficulties, Selvam had availed a loan of Rs 35,000 from the IDFC first bank, with a weekly instalment of Rs 770. However, he missed this week's payment, prompting a visit from a bank employee, identified as Suba to collect the due amount. Tamil Nadu Horror: Man Dies After Being Assaulted by Son Over Property Dispute in Perambalur, Accused Arrested (Disturbing Video).

When Suba found Selvam absent at his residence, his wife was taken to the bank and confined there until the instalment was paid. Selvam was then contacted by his wife and informed about the situation, being told that he needed to pay the overdue instalment to secure her release. In response, Selvam promptly arrived at the bank but was shocked to learn that his wife would not be released until the payment was made. Tamil Nadu: Seven Fishermen From Pudukkottai Arrested by Sri Lankan Navy, Association Says ‘No End in Sight for Our Woes’.

Frustrated by the bank's stance, Selvam sought the assistance of the local police. In the presence of law enforcement, he settled the outstanding amount and was finally allowed to take his wife home. The incident has sparked outrage among customers and the public, questioning the bank's actions and the treatment of borrowers. Holding individuals hostage over loan repayments is not only unethical but also raises serious concerns about the practices of financial institutions.

(The above story first appeared on LatestLY on May 02, 2024 01:38 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).