Loan to relative's defaulter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2015
Dear Sir,
Is there any rule or guideline of RBI that loan should not be given to relatives of defaulter? For example, if father is defaulter then his son can't be given loan for his son's own business
Please reply,
Is there any rule or guideline of RBI that loan should not be given to relatives of defaulter? For example, if father is defaulter then his son can't be given loan for his son's own business
Please reply,
Rupesh Jain
(Expert)
17 January 2015
there is o rule but bank before giving loan take information of your family background. on that basis bank reject the loan.
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