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CSO#14 BANK LOANS A DEBT TRAP# 4(4)NDTV-HINDU

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Published on Jan 12, 2010

Do glib talking `Merchants Of Menace` (read: bank agents) push customers into the quicksand of debt through the lure of plastic money? And then send goons to recover dues! Why are lawyers, journalists and police officers not easily given credit cards?! Do banks have a mechanism to assess customers` capacity to repay? Or is it reckless competitive marketing? Does CIBIL really work? Is the `Banking Standards Code followed in the breach? Of the 27 million odd credit card users, how many are wilful defaulters, playing around with public money? How do banks get hold of databases? Do the big sharks go scot free and are only small borrowers harassed? For answers to all these posers, tune in to ` Aircel Chennai Speaks Out` with Sanjay Pinto on NDTV-Hindu.

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