R.Sajan's Profile
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16093 members, 147 jobs, 347 articles, 208 questions, 671 debates, 251 idea contests.
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R.Sajan's
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I C ICI i ntroduced goonda- banking in the country. They ought to be ranked best for the number of client-suicides induced by their Recovery goondas. Next come HDFC Corporation, and HDFC and Citi banks. These foreign institutions literally suck... |
Our Banks are more present on the Net through ghastly reports of the suicides induced by their Recovery goondas. The middle classes now think ten times before borrowing from banks. Those that still do live long enough but to rue the day. After 2002,... |
Restructuring happened and happens only in big loans. It does not happen to the ordinary Housing borrower who has lost his job, is between jobs or has had a wage cut. Housing companies like HDFC and the like now refuse to consider any re-structuring... |
1. Recovery procedures are abused by PSBs also. They too have Recovery and Enforcement agents now. Grabbing housing property is indulged in also by PSBs and State Financing Corporations. 2. The major issue with PSBs is large scale corruption. Even to... |
It is likely that the recovery culture unleashed on Indian banking by ICICI might lead to more rural suicides, if the Bank goes rural. Hopefully, villagers might resist it with lynchings. As for the quality of ICICI employees, ICICI recently filed a... |
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