NEWS & ADVICE : CAR LOANS
Women recovery agents replace bank musclemen
By Vaibhav Aggarwal
Jun 13, 2008
Print    Email    RSS   

"Our principle is persuasion is better than prosecution. We make defaulters understand the problems they may face if they don't pay," Manju said. Giving examples of their success in Chennai, Manju said, "We have recovered loans by seizing schools and hospitals worth Rs 20 crore. Ten women, assisted by a videographer and a photographer were involved in drive."

Manju also said that there are a number of reasons for the success of women agents. "Defaulters, who are generally men, find it embarrassing to be addressed by a woman and hasten to pay up large parts of the loan," she said, adding, "Those who find it easy to bribe male recovery agents realize that they can't do the same with women."


Page    | 12 |
(Comments Posted : 1) Post Your Comments
1. being an ex banker i am delighted to read that u are doing a great service in the field of bank loan recovery through women thus improving the health of banking industy and i am also keen to join this crusade for this i am ready to offer my services in and around chandigarh
deepak chopra (Posted: Mar 25, 2012)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
This is how a bank lends money
Insider secrets of Car Loans in India
Tata Nano: How would Bank Loans look
Your dream car - with good Car Loans from...
TIPS FOR ASPIRING CAR BUYERS AND OWNERS


CAR LOAN STETMENT
Hello I am looking to renew my car insurance and I...
my loan no

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive