Why Banks are not sending collection agents to the defaulting Politicians? You can collect very good amount from them because they are borrowing very huge amount and loan is becoming bad debts..Some banks has to take bold steps to recover from this people as example..
RE:What about Politicians?
by SRG on Apr 26, 2008 10:03 AM Permalink
You are mistaken; Politicials usually do not borrow from banks; They can easily finance their requirements from respective govt departments; For your information, Sugar factories which are usually controlled by politicians never default their loans;
RE:What about Politicians?
by sir on Apr 26, 2008 05:44 PM Permalink
you are right-why bank need third party- to collect-violating privacy policy-bank had their employees-they can train a cell- rbi should look in to this--
