Saturday, February 28, 2009
Banks Reluctant to Grant Credit - RBI Blasts at Banks
The loans should be given by the Bank's after getting assurance from the Govt. & RBI that the Govt & RBI will ensure that recovery of loans is also given due importance. Though the Govt. has made several laws including SARFAESI ACT but looking to the impediments and various loopholes in judiciary systems the recovery of Bad loans is becoming difficult and it is one of the reasons of low credit off take. Enterpreneurs are taking collateral free loans, loans backed by subsidies but at the time of repayment several intolerable excuses are given in the name of business loss, recession etc. RBI & Govt. particularly the so called Netas should take steps and also take a vow not to interefere with the recovering of Bad Debts.If at all the Netas have any sympathy towards the defaulting Borrowers they should help them out of the funds allotted under MP/MLA funds.
http://www.blogger.com/profile/02480652480312482943
http://www.blogger.com/profile/02480652480312482943
Subscribe to:
Posts (Atom)
-
In my earlier Blogpost dated 4th March 2020, Enhanced Access & Service Excellence (EASE) Reforms for Public Sector Banks I have give...
-
WEF 1st April 2016 Banks will move to new regime of MCLR which will replace Base Rate (BR) for all new loans. MCLR is brought with an objec...
-
Sand artist Sudarsan Pattnaik makes a sand sculpture on upcoming Budget 2016 at Puri beach of Odisha. (PTI Photo) The process that...
