Hindunet: The Hindu Universe: ICICI BANK AND ITS HOODLUMS

FIGHT THE LOAN SALESMEN AND DEBT COLLECTOR GOONDAS

We are all fighters against addictions of any kind. However, nothing is being done about consumerism-addiction. Shopping as an addiction has been recognised in the West long back. We have not had the problem because we never had the money.
A massive promotion of lower classes to the middle class during the past 15 years has been caused by the large employment opportunities, coupled with the NRI phenomenon.
Things were controlled even then; but with the advent of new generation banks, shopping addiction is raging in the community.
The sales forces of the new generation banks have succeeded in making almost every middle class family a debtor. Personal Loans, Credit Cards, Vehicle and housing loans have been thrust on them most effectively.
Things are okay and happy when the loans are received. It is when one or two monthly instalments get stuck that he tragedy begins. The overdues are retrieved by these banks not through letters or suits; but by goonda power.
The private banks have Debt Collectors on contract and huge commissions are paid to them. As with the vehicle-financiers' goondas of old, these land on the soft middle class family and start the extortion.
However much you remit back, the Credit Card dues never cease because of the exorbitant interest and hidden charges. The sweet talking Card salesmen never tell the clients about this pitfall during canvassing.
The current situation is that the majority of our middle class families spend more than half their earnings to repay these dues of Car/TV/ Home loan dues.
Debt Collector goondas are having a field day. Encouragement of such white-collar goondaism has not been recognised as a threat to civilised society yet. But it is long overdue.
It is the duty of us all to act against the demoniac incitement of INNOCENTS by the new generation banks to borrow more and more. At least five of my friends have already fatally succumbed to the humiliation of being worked over by the Debt Collectors of Credit Cards.
The largest and most ruthless band of such goondas is kept by the so-called second largest bank in India viz, the ICICI. I know at least seven borrowers who are now showing distinct mental abnormality after being treated by them.
It is not for large or long outstanding dues that these goondas go after middle class borrowers. Even a two-month default brings them to your office or doorstep. They ring you and your family up and threaten. They go to your employer and tarnish your image. They shout abuses at you in public.
As with other campaigns against other addictions, I urge you all to come out against the ruining of our middle classes by these Mammonian forces. Let us at least publicise the experiences of the innocent [not wilful] defaulters and influence people not to be tempted by the loan salesmen and women. Let us thus try to prevent more family suicides.

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