How to prevent avoidable exposure…

How to prevent avoidable exposure…
Having worked in a Bank for 29 long years, I think I am qualified to make certain observations  about  lending money  to customers.
First and foremost it is essential to assess the credit worthiness of the customer.
Next,it needs to be ensured that the customer is not a defaulter of other banks/FIs.
Pre-sanction inspection by visiting the residence or factory premises of the proposed borrower is also essential to form an opinion about genuine-ness of the need etc.
Sometimes,bankers try to cut short some procedures and  avoid meticulous compliance of guidelines.This later lands them into accountability problems when loans go bad.
All the above information needs to be shared with the sanctioning authority to help him take a judicious decision about lending or not lending.
Here is a hilarious story to drive home an important point. Take it with a spoon full of salt,though !!
Banta is getting into the shower just as his wife Banto is finishing up her shower, when the doorbell rings.
After a few seconds of arguing over which one should go and answer the doorbell, the wife gives up, quickly wraps herself up in a towel and runs downstairs.
When she opens the door, there stands Santa, the next door neighbor. Before she says a word, Santa says, “I’ll give you Rs.5000/- just to drop that towel that you have on”.
After thinking for a moment, Banto drops her towel and stands naked in front of Santa.
Santa has a close look at her for a few seconds, hands over Rs.5000/- and quietly leaves.
Confused, but excited about her good fortune, Banto wraps back up in the towel and goes upstairs.
When she gets back to the bathroom, her husband Banta asks from the shower “Who was that?”
“It was Santa the next door neighbor,” she replies.
“Great,” Banta,the husband says, “did he say anything about the Rs.5000/- he owes me?”
Share critical credit information with your stakeholders to prevent avoidable exposure!
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6 Responses to How to prevent avoidable exposure…

  1. kumarendra mallick says:

    Jatinder ji, appoint me in your bank with immediate effect for door-to-door loan giving and recovering.

    Kumarendra Mallick, Hyderabad
    Mar 29, 2011

  2. Raj Nandy says:

    Broca ji , Apart from the humour which is always present in your compositions , this story reflects the greed present in human beings ! There was a famous Hollywood movie where the hero offers a million pounds to the husband if he allows his wife to spend one night with him ! In that movie the lady agrees ! Perhaps we all have a price ! So if someone says he is “Harischndra” , this materialistic world calls him a fool ! No wonder India leads in ‘scams’ ! Thanks for sharing ,

    Raj Nandy , New Delhi
    Mar 30, 2011

  3. J S Broca says:

    Dear Mallick ji, your application file is kept “pending” until you add some weight to it as usual and as expected. Thanks for your interest!

    JS Broca, New Delhi
    Mar 31, 2011

  4. J S Broca says:

    Dear Raj ji,thanks for your response.Yes,I recall that movie.I think its name was :”Indecent Proposal”. The point I wanted to make was that we should be extra careful while doing our jobs in our line of Bankers.The story was narrated recently in my MBA Class,much to the delight of the young aspirants attending my lectures and so I thought of sharing it with MI.

    J S BROCA, New Delhi
    Mar 31, 2011

  5. mary says:

    I am truly suprised. I dont think I have seen anybody who knows as much about this subject matter as you do. You are very well informed and very knowledgeable. You have posted something that people can comprehend and made the topic entertaining for your readers.

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