if many loans are written off (that is. borrowers are not required to pay back the money),how will this affect the working of the bank
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Answered by
15
The bank will be in bankruptcy
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62
Answer:
If bank gives loans to people without without asking the money back then it would be so much of queue in bank for money and the big problem is about money.
Explanation:
The bank manager could lose his money because he is giving the money freely to everyone so people will fight for money and if public gets the chance they could take crores of money and it would be so bad for bank manager and even begger could get money
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