I do agree that it is a great move by bank of india, i was ofeered a loan by ICICI which i gleefully accepted and still i am paying it back thru my credit card , i am unbale to preclose it as the bill gets generated along with my credit card statement and the bank is just awaiting as to when i make a late payment or default it s o that it can make a fast buck. The point i want to make is none of the banks should not send a cheque/offer letter to someone whom they think is a good borrower, and if anyone needs a loan there should be a signed letter requesting for the same to the banks.
