What are the reasons for why banks might not be willing to pay certain borrowers?
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Heya....
Banks provide loans to the people but sometimes we can see that banks are not willing to pay for certain borrowers because...
** They want to park their money with RBI for getting high interest and increase in their income...
** For providing loan to rich people for gaining high margin requirement...
** For the following to RBI rules to control credit amount in economy....
Banks provide loans to the people but sometimes we can see that banks are not willing to pay for certain borrowers because...
** They want to park their money with RBI for getting high interest and increase in their income...
** For providing loan to rich people for gaining high margin requirement...
** For the following to RBI rules to control credit amount in economy....
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ʜᴇʏᴀ ᴍᴀᴛᴇ!!
ʜᴇʀᴇ ɪs ᴜʀ ᴀɴsᴡᴇʀ ⏬⏬
ᴍᴀɴʏ ᴛɪᴍᴇs ᴛʜᴇ ʙᴀɴᴋ ɪs ɴᴏᴛ ʀᴇᴀᴅʏ ᴛᴏ ɢʀᴀɴᴛ ᴍᴏɴᴇʏ ᴛᴏ sᴇᴠᴇʀᴀʟ ʙᴏʀʀᴏᴡᴇʀs ʙᴇᴄᴀᴜsᴇ;
1) ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ ᴍᴀʏ ɴᴏᴛ ʙᴇ ᴄᴀᴘᴀʙʟᴇ ᴛᴏ ᴘʀᴏᴠɪᴅᴇ ᴀ ᴅᴇᴄʟᴀʀᴀᴛɪᴏɴ ᴏғ ᴛʜᴇɪʀ ɪɴᴄᴏᴍᴇs.
2) ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ ᴍᴀʏ ʙᴇ ʜᴀᴠɪɴɢ ᴀɴ ᴀᴄᴄᴏᴜɴᴛ ᴏғ ɴᴏɴ - ᴘᴀʏᴍᴇɴᴛ ᴏғ ʟᴏᴀɴs ᴏʀ ʙᴏᴜɴᴄᴇ ɪɴ ᴛʜᴇɪʀ ᴍᴏɴᴛʜʟʏ ɪɴsᴛᴀʟʟᴍᴇɴᴛ.
3) ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ ᴍᴀʏ ɴᴏᴛ ʙᴇ ᴀʙʟᴇ ᴛᴏ ᴅɪsᴘʟᴀʏ ᴄᴇʀᴛɪғɪᴄᴀᴛᴇs ᴏғ ᴡᴏʀᴋ ᴡɪᴛʜ ᴀɴʏ ᴄᴏᴍᴘᴀɴʏ ᴏʀ ɴᴏ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀʙᴏᴜᴛ ᴛʜᴇɪʀ ʙᴜsɪɴᴇss.
4) ᴅᴜᴇ ᴛᴏ ᴘᴏᴠᴇʀᴛʏ ʙᴀɴᴋ ᴍᴀʏ ɴᴏᴛ ᴛʀᴜsᴛ ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ ғᴏʀ ʀᴇᴘᴀʏᴍᴇɴᴛ ᴏғ ʟᴏᴀɴs.
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