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.
RE:recovery agents.
by Nitin Dutt on Apr 25, 2008 06:13 PM Permalink
Not all ppl who are poor are dafaulters mostly they are rich, powerful and those workinmg in MNC's or law firms or having good contacts they default on frivolous excuses. these guys must be bashed. What's wrong in it. Imagine you loan to someone on good faith and what happens when you demand yiur money back and he simply inores you as if you do not exist. Think about this before you say any thing about that dard.
RE:RE:recovery agents.
by Babu GR on Apr 26, 2008 12:34 AM Permalink
Each and every Citizen of India should be equally treated as per court of law. Nobody have rights to take the law in hands, it is very wrong and in contrast, not a good signs for the country development.
