News Flash: Banks can now sell fraud loans to Asset Reconstruction Companies! Fraud loans? Asset Reconstruction Companies? How does it matter? Let’s find out! Let’s say a bank gives a car loan of Rs.10 lakhs to you. This particular amount is an asset for the bank (it can recover the money from you) and a liability for you (you owe them the money).
🤯 Banks Can Now Sell Fraud Loans?
🤯 Banks Can Now Sell Fraud Loans?
🤯 Banks Can Now Sell Fraud Loans?
News Flash: Banks can now sell fraud loans to Asset Reconstruction Companies! Fraud loans? Asset Reconstruction Companies? How does it matter? Let’s find out! Let’s say a bank gives a car loan of Rs.10 lakhs to you. This particular amount is an asset for the bank (it can recover the money from you) and a liability for you (you owe them the money).