Banking sector needs reform and fast sanction procedures for growth of people

Letter for bank reform

"Rajendrakumar "<rajendrakumar1984@rediffmail.com> to you & 1 other(s)

Mon, 20 Nov 2017 18:15:02

It is a request that bank are not sanctioning loan amout in ratio of income of borrowers so borrowers are compelled to take rest required amount from market to complete their projects..

This results in bouncing of instalments.
This way banks are damaging borrowers in two ways ...first not giving required ratio amount to borrowers and 
Second ...mentioning borrowers cibil records/scores as bad bench mark disqualifying borrowers.

A man takes loan to get progress but banks are destroying future incomes too by trapping borrowers with ..little amount sanction  that is not appropriate to meet requirements.

So I request to modify cibil score system..as bank's employees or banks can not clearly say anything about financial capacity...of borrowers.
There are always up and down in incomes so ...cibil record do not create exact picture of a borrower....it helps bank to exploit borrowers as further borrowers can not take help from other financial institutions too..as denied by cibil report.

Sometimes due to remote location of job/duty ...borrowers are not able to deposit bank dues ...but banks on the name of late payments not only takes fine ...but also ...spoil cibil records..


Present system of banks is not making borrowers safe  and not strengthening borrowers...

borrowers are compelled to drown at the hands of banks ...

This is major cause of NPA...as NPA mostly is the result of not properly assessing borrowers by banks ...and  banks not providing mid term help to give strength to debts.

Only return papers and cibil score can not decide ...who will be a good ..borrowers or bad borrowers in future..

So there is urgent request and requirement of modification , in banks lending system and loan should be given to nourish borrowers
Not to exploit on the name of profit...
Otherwise banks can not get out of NPA...

So eligible borrowers should be given ..extra amount and there should not be compelling situations.

Mid term help 

And restructuring of loan period.
Banks need to secure loan by giving help like top up...extra...
Poor sanctioned amount by banks are biggest cause of npa.

..as customers are  compelled to borrow from market rest amount...

So request "present system needs reforms"....

Kindly you are requested to spread this biggest problems to the heart of every one ..and our PM


Rajendra kumar dewasi kota