.Private banks heavily bribe Banking ministry officials at the highest levels as well as the Police and judiciary at the lower levels. Politicians grant them licence only after suitable bribes. You cannot fight such financial clout.

.dear sir, i had taken a loan from HSBC bank in dubai and after one year i lost the job in dubai and came back to india. for one year i was paying 50% premimum from india and again i had lost the job. now i am enable to pay back to the bank. what should i do to avoid. i heard that their is no agreement between dubai and indian government against such defaulters. kindly advice what is the exact steps i need to follow. thanks and regards. naveen

.A total truth and only truth. Very analytical & detailed article about the so called MNC banks and their mafia. Whole system is hand in glove just to loot money whether they are politicians, bureaucrats, industrialists,businessmen, adultrators, land mafia, human smugglers, criminals.......the list is endless. Everybody just wnt to loot the nation.

.The dangers cancer cards of India. It is better to call the credit cards as cancer card of the nation Take for the example, The CANCER cards of India ( Credit card) . The simple interest rate is 39% 46% PA. The street goons interest is less than 36% PA. That too with out late fess, service charges, hidden costs etc. If you include the service charge and annual fee, late, fee once in a year, the interest rate is very close to 50% to 55 percent. Naturally, out of 100 people, 15 to 20 percent card members fail to pay and become defaulters and want to create a situation like USA? The risk is deliberately created by private banks and foreign banks to justify the high rate of interest. All banks admitted that the risk factor is near about 2 to 3 percent in USA Were as in India or at any developing countries the risk factor may be 4 to 6 percent . if we believe the Credit card issuing banks arguments. The figures may be right. But, It is very difficult to understand the logic. Just for 2 percent extra risk 200 percent extra interest rate?. It may be true that two percent risk factor is high in India Just for two percent risk 200 percent high interest? USA Credit card interest rate may be 12 to 15 percent PA with out goons. It is clear path for exploitation in the name service, investment etc. Recently, The many private banks applied against the consumer court judgment related to interest rate etc. The bankers claims that the customers agreed and signed. Is any other part of the world the credit cards issued with out taking any signature of the card holder ? As there are many points to rise, the list is endless. It is surprised to note , why Government and concern authorities are extremely silent ? There must be some reason for the inaction and for the smooth operation of exploitation!! Who all are the gainers out of the exploitation behind the screen? The silent and inaction is the proof, that some benefits is passed on by banks to Exploit people of India in the name of free market and investment. In practical, it is basically allowed for free to loot, and free to exploit. It is a passion of many foreign and private banks to hire goons for recovery. The bankers officially termed them as recovery agents. It is surprised to note the banks appointed recovery agent .Is the banks do not aware that India have judiciary systems? Is the bankers feel the law of the nation is useless and weak? Or the bankers feel that they are above the law of our nation? The surprise element of the government role was silent. why concern authority not questioned about the recovery agents of Bank? What is massage to the world and to people of India please? Few valuable lives too lost due to the harassment of goons. If, concern authorities and finance related department is not aware and unable to manage the private bankers. The Government must allow people to appoint recovery agents to collect the excessive charges from the bank. If bank have the right to appoint recovery agents, why people of India don��t have the same right? The Govt must allow or introduce a law to form a recovery agency from the bank for excessive charges . The law should be equal to every one. The foreign and private banks have no respect or least cared the law of our nation. The concern authority only needs some good dinner party at good star hotels. The people��s grievances are pushed back.. The govt may at least apply a strong regulation to stop the exploitation.. Free market does not mean exploitation. FREE TO LOOT!!! The best thing is to do just boycott the services of exploiters. If there is no customer to sign for the bank service then there is no exploitation. They will come down. if they want to do business with people of India. As, they are not doing business only with so called VVIPS. The farmers fail to pay the loan amount, the Govt jumped with a package of 60000 thousand core. It is good. But, want about EMI payer��s and Credit card holders interest? If, the credit card interest rate between 18 to 22 percent is justified. We don��t believe in charity too . We want justice only! The interesting part is of the EMI payers and credit card members put together, it is near about 36 million to 40 million members , they are very effective voters too. Plus the family members of EMI payers and credit card holder are not less than 80 million to 100 million. If , any political part wish to rise the issue for political gain. They may be getting near about 4 to 5 percent vote. If they come to power , the situation may be worst than Singur. Before election let the political parties decide is they want the exploiting banks or people of India . The 4 to 5 percent vote , for coming election with out any extra efforts. Is any one there to take the issue please. Jai- Hind.