Tuesday, August 14, 2007

Hit by defaults, banks make getting loans tougher (Hindustan Times via Yahoo! India News)

Faced with rising bad loans and mounting pressure from rgulators to check the antecedents of their customers, banks are beginning to apply 'know your customer' (KYC) norms with a vengeance. With banks tightening the loan sanctioning mechanism, and others deciding to simply reject applications for unsecured loans outright, the golden age of 'personal loans' and 'loans on phone' appears to be ...

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[Source: Yahoo! News Search Results for personal loan]

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