2/2 The reason for flourishing private lenders is because, they lend depending upon the need and the character / family background / introducer etc., whereas BANKS give loan only to people who have money. They neither see the need nor the personality
1/2 Almost all banks play the same tunes by not following RBI guidelines. Their contention is that RBI does not share the losses incurred in such cases and the sanctioning officers are held responsible if the loan is not recovered. Hence is this BEATING AROUND THE BUSH.
2/2 The reason for flourishing private lenders is because, they lend depending upon the need and the character / family background / introducer etc., whereas BANKS give loan only to people who have money. They neither see the need nor the personality
dearpe21 5 months ago
1/2 Almost all banks play the same tunes by not following RBI guidelines. Their contention is that RBI does not share the losses incurred in such cases and the sanctioning officers are held responsible if the loan is not recovered. Hence is this BEATING AROUND THE BUSH.
dearpe21 5 months ago