Bank union opposes public sector banks' 'loan melas' on bad loan pile-up fears

According to the MSBEF, no political party assists in the loan recovery process because past experience indicates that borrowers stop repayments for such loans. "...The same political parties demand for waiver of those loans so as to appease voters" during elections, it said, adding that such events vitiate the recovery atmosphere.

from Banking/Finance-Industry-Economic Times https://ift.tt/oEhW3nr