Re: Pakistani Banks .. Mobs disguised as loan recovery agents
I heard about it on TV news a few days ago. Pretty sad, actually. In the old days, I recall that bank collection staff were very bureaucratic and will largely limit themselves to writing nastygrams. I guess, lately with more consumer loans being out there, banks have adopted more aggressive approaches to recover bad loans. I heard a government minister make a statement that after these kinds of incidents they will investigate these practices through the Parliament as well as to make rules to govern bank collection efforts. It remains to be seen how such efforts will pan out.