NEWS & ADVICE   TOP STORY Co-operative Banks to benefit: RBI In a remarkable move benefiting the co-operative banks, the RBI said that it will soon allow co-operative banks to raise capital through innovative instruments. This was suggested by the RBI deputy... More top stories Home Loans come with Tax Rebates! Home Loans: How to reduce your floating rate Manage your loans, avoid recovery agents This is how a bank lends money Utilise credit card reward points COMPARE RATES Compare Savings Accounts Compare Credit Cards Compare Car Loan Rates for a new car Compare Home Loan Rates Show All... CALCULATORS Credit Card Debt Payoff Calculator Car Loan Amount by EMI Calculator Home Loan EMI Calculator Compare Personal Loan EMIs More Calculators... COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   NEWS THIS WEEK • RBI monetary tightening has taken its toll on credit Jul 23, 2008 • Foreign currency deposits up at ICICI Bank Jul 22, 2008 • Lending and deposit rates hiked by Yes Bank Jul 22, 2008 • Montek: Growth might fall to 8% Jul 21, 2008 • RBI conducts repo auction, injects Rs 397.55 billion Jul 21, 2008 • NRI senior citizen held for 10 crore fraud Jul 18, 2008 • Bankers fear rise in bad debt, pressure on margins Jul 18, 2008 • Banks facing demand pressures, running out of cash Jul 17, 2008 News Archive SPOTLIGHT ° Saving Account Interest Income Calculator ° Home Loan Amount by EMI Calculator ° Credit Card Balance Transfer Savings Calculator ° Car Loan Amount by Down Payment Calculator ° Compare Home Loan EMIs ° Compare Savings Accounts ° Compare Credit Cards ° Best FD rates by banks ° Get best FD rates In the news : Barclays offers cash back of 10% on debit cards DCB increased BPLR by 75 bps PNB official involved in bank fraud of Rs 2 lakh Hot topics : The right age for home loans! Home loans: a route to home sweet home The home loans interest rate story: The wait fo... EDITORS' PICKS Insider secrets of Car Loans in India Loan upper limit increased for women Credit profile and its effect on loan rates in India IBA to push for MIBOR as the benchmark rate Carnival of Indian Personal Finance Blogs #2 Bankers concerned on RBI loan recovery guidelines Regular fixed deposits in India: Great way to earn more interest than... What is your view regarding the recent excesses committed by banks recovery agents? There should be proper way of loan recovery method and harassment should cease. The loan recovery agents should follow the norms of RBI and act according to rule of law. The excesses are justified as the people who borrow should repay promptly. Banks should lend to the right people, who can repay promptly this way there will be no need for recovery agents.