The term “living a ‘creditable’ life” seems to have been taken quite too literally by India’s masses (400 million and odd of whom, not surprisingly,
are still quite illiterate), what with the credit-culture and loan-mania spreading like excruciating rashes amongst the burgeoning Indian middle-class. Putting it in perspective, the quite well-known notorious ways and means by which lending banks have scrounged out money or repossessed the assets of defaulting borrowers, has ensured that this credit culture for Indians is turning out to be more of a bane than a boon. In fact, while even corporate borrowings are a party to the same cycle, those are the individual borrowers that have borne the brunt.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
· My Blog
· IIPM News
· IIPM : IIPM Links
· IIPM: More about IIPM
· IIPM Alliances - IIPM - by RAVI
· IIPM PUBLICATION
are still quite illiterate), what with the credit-culture and loan-mania spreading like excruciating rashes amongst the burgeoning Indian middle-class. Putting it in perspective, the quite well-known notorious ways and means by which lending banks have scrounged out money or repossessed the assets of defaulting borrowers, has ensured that this credit culture for Indians is turning out to be more of a bane than a boon. In fact, while even corporate borrowings are a party to the same cycle, those are the individual borrowers that have borne the brunt.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
· My Blog
· IIPM News
· IIPM : IIPM Links
· IIPM: More about IIPM
· IIPM Alliances - IIPM - by RAVI
· IIPM PUBLICATION
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