Bankers Allowed to employ Recovery Agents?

Prakash Popat (3134 Points)

17 March 2008  
prakash,mumbai,says:Bankers R like anyother Businessman taking risks for rewards,The Banking Products do they sell is of different kinds in respect of risks and rewards associate with it. They Have to profesionally run their organisations in order to reduce wilful defaulters and provide better services in terms of Loan Insurance and protect social an family strcture of family of their clients,If they allow to employ Loan Recovery Agents means provide business to the criminally strong organised gang,and society turn out to be battlefield,and ultimately bankers suffer more in respect of business lost on account of unrest in society.
16 Mar 2008, 1243 hrs IST (submission to Economic times by author).