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An article "A school 4 recovery agents"After reading so many reports on d extreme measures adopted by agents 2 recover bank loans, it comes as a relief 2 know dat banks will now at least behave like banks & not like goons wen it comes to recovering dues.On a number of occasion,banks have harassed innocent and regular customers due to mistaken identities.Dis move will definitely reduce d suicides attempts due 2 harassment by bank agents,and will force banks 2b more accountable in der dealings wth customers.RBI mst also implement effective rules 2 penalise banks who harass innocent..Ur comnts

Asked by cyrus irani, 24 Aug '08 03:27 pm
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Answers (2)

 
1.

In India there is a tendency of not paying loan installments, phone bills etc on time. When it comes to article loans, many times the customers change address. When it comes to taking housing loan people fail to take into account many other expenses like increased cost of maintanence to be paid to the society, furnishings in the new home etc as a result all their budget calculations collapse."Ghee dekha ghee ka badga nahi dekha". The banks lend for business not because they are your friends or relatives, so naturally they have to recover the dues and by experience they know that "Ungli tedhi kare bagair ghee nahi nikalta"
Answered by manoj thakur, 25 Aug '08 04:44 pm

 
  
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2.

If you are not able to repay the loan amount then you cannot be considered innocent customers. Bank give loan only to get it back with interest. This is the only interest the Bank has on you.
Answered by mohamedali, 24 Aug '08 03:30 pm

 
  
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