Thu, Mar 31, 2016, 10:56 AM
Taking loans became a habit in the present day society. It is profitable business for corporates to lend loans to every household irrespective of repaying capacity. According to industry estimates, financial institutions distributed credit cards worth Rs 1.90 lakh crore in India. The RBI data says that there are Rs 13,700 crore bad debts in united AP till May 2014. In short, credit culture became like a contagious disease in the society.