Monday, 21 March 2016

A Comment on rethinking of the lending system by Banks

My Comment on an article "Time for rethink! Here's why PPF, Small savings rates cut a good move for Banks" published in the Dated 20/03/2016 at 10:30 pm.

"Yes, definitely it is time for rethink by banks and financial institutions.

There should be a preferential lending rate according to the type of loans offered by banks. 

Housing loans should be cheaper as shelter is the most important necessity of human being. Educational loans and agricultural loans should also be offered at cheap rates. 

But many other loans like credit cards, personal loans,financial loans to businesses can be made expensive in most cases. Banks can fill their deficits in this way.

Banks should review their lending system and be more friendly towards common man than business people and rich class people."

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