Bank Fraud

^ what loans? my dad went to a PSU bank to get 1 lakh loan to pay some advances (1lakh interest free loan for 1 year to small farmers)

they first made us open a bank account and then only sanctioned 78K loan that too after keeping our 1crore property documents as collateral. dad said lol no and gtfo
 
You made a mistake. You should ask for loans of 1000s of crores. Thats apparently easy to get that too without any guarantee. All you need is good contacts to get direct access.
 
^ we know that bank manager since many years. he just said open bank account and youll get it without nay problem. after opening it, he's like you'll only get 78k saar. bank is under lot of stress and all. my dad was like nope. fuck you im out . I mean I get it, collateral and all but 1crore for 78k ??

I wonder where all this due dilligence went when they were giving out NPA loans. this particular bank is also on list of banks exposed to mallya
 
I am sure you know I was being sarcastic towards bank.
 
I know Im just pissed. most farmers go to private lenders with high rate of interest even with govt offering interest free loans because they take so much time to get sanctioned and farmers dont have time to waste during sowing season. Its pretty appalling how a nation of agriculture treats its farmers.
 
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