Banks go all out to sell personal loans and credit cards. The very fact that people cannot pay means the bank has not done a proper credit and reference check. They sell loans to people who have a very small chance of paying back. And they sell it to them at exorbitant interest rates. These are soo cleverly hidden in the EMIs that the poor borrower doesnt know how much he is paying back. Once the person defaults they resort to these goonda tactics to recover the money. Banks behave like goondas... You can get to know from the profits of the banks and the huge salaries and bonuses these bank managers. These recent events are like the old zamindari system where the zamindars and money lenders lent money to poor farmers who could not pay back with the interest . These credit cards and personal loans are making India fall into a debt trap. The recovery agents should be jailed immediately if they resort to goonda tactics. They have no idea on how to treat elders, women, children. One person takes a loan in the house and the whole house has to undergo torture for no fault of thiers. Are we living in a goonda raj ....if they have to recover money they should use the legal procedure..... by resorting to good tactics are the banks trying to say we dont have a legal system.....
The Banks heads need to take responsibitlty for these things they are going.....
