Financial Daily from THE HINDU group of publications
Tuesday, Aug 20, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Opinion - Letters


Bank staff retail lending

This is with reference to SBI planning to tap the staff for their increased deployment of funds in retail lending. In most banks, the staff members enjoy several loan facilities. Instead of varying the type of loans with various covenants entailing manpower utilisation, which can be gainfully employed in the post-VRS scenario, it may make sense to evolve a single operating facility with the eligible limit being linked to the gross salary of an employee. This facility and the house-building advance should be the only loan facilities which would eliminate the need for the cumbersome administrative procedures. As the operative facility gives flexibility without burdening the employee and the credit offtake is likely to improve without endangering safety of funds, banks should come out with some innovative scheme.

R. S. Raghavan

e-mail

Send this article to Friends by E-Mail

Stories in this Section
Bottling up Coca-Cola


Sub-regional cooperation: Minimising globalisation risks
Imports and BoP, post-liberalisation
The country cousin from Kolkata
Draining the bitter cup
`Derailing' promises
Bank staff retail lending
Gujarat elections


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line