Prompt payers may feel cheated: Experts

Mr M. Srinivas Achar, President of the All-India Areca Growers’ Association, said that both those who had made prompt repayments and who had not availed themselves of loans would feel cheated. “Banking discipline may be lost in future with such loan waiver move,” he said. Prof N.K. Thingalaya, noted rural banker, said that waiver of loans was undesirable. Though banks would not be losing financially, those who have made prompt repayment will be affected morally.