Friends
Bankers/ Lenders behave differently and rather rudely once the account
becomes NPA it seems they simply want to use all the tools laid down in
the rule book. They would Fire, insult and pressurize the borrower to repay
loan. They are not wrong but the use of all these tactics is not appreciable.
Probably lenders believe that business is without risk and full of certainty.
In their view, the business can not go wrong and if goes, it is because of
malafide intentions of the borrower. Hence in the process of using all the
tools available with them, they forget that the business was properly analysed
by themselves only and any drastic action will hurt the poor people most. They use every tactic of recovery at any
cost.
Lenders who till recently were
boasting their lending capabilities by referring the successful borrower,
suddenly start distancing themselves from the borrower as if he is swine flu
patient. Top to bottom banking officials , politicians , investigative agencies
and so on try to reprimand him . They behave as if they don't know him, nobody
wants to tell the world that the same borrower was their most sought after
golden goose well kept secret . Till recently they were boosting of knowing
this high profile borrower and now ???!!! What happened , what went wrong,
don't you know business is full of uncertainty . Bankers only appraised the
proposal, recommended at various level and sanctioned . If everything is
transparent , no need to hide the fact. Help him, take care of him and try to
make him stand again. No doubt if the intentions of the borrower are wrong, fund is
diverted, he deserves to be punished . Lenders have no right to sit on
securities and take the life of hundreds of people for granted . There should make
every effort to revive the unit so the life of thousands of poor people can be saved. There should not be one sided blame
on the borrower only , if we share the earning in good time why not take responsibility
in tough time . CIBIL reports should be used for better judgment , it should
not be an obstacle. I firmly believe if the lenders behave in matured way and
help the NPA borrower, they can recover substantial money which is infact
public money.
CP
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