the basic problem is with the banks - they just sanction loans to anybody and everybody without verifying any facts and details and capacity and ability to pay back. why doesn't rbi come out with stringent rules for sanction / disbursement of loans ?
and then banks claim crores and crores of business done !!! on these basis ??
only if this is done - then a lot of tension and problems and surely the recovery agents can be avioded..
ditto for issuing credit cards.
as the saying goes - prevention is better than cure.
