Quote:
Originally Posted by typeOnegative  I am not too big a fan of the big I. But, tell me, what does a bank do to recover the money?
I would say - don't lend. But put yourselves in their shoes. The sales guy got his commission, but the bank has lost money. Maybe the government should insist on stringent checks before lending. I don't know.
All in all, a life lost. What an effin' waste. |
The banks can take legal action instead of harassing people in front of family or neighbours; and finally leading to death.
Is the life of a person worth less than the EMI for a loan of Rs.50,000?
What do banks in the US do about such defaulters, do they kill them to recover loans?