rajagopalan sundaramurthy 12 September 2019
G.L.N. Prasad (Retired employee.) 13 September 2019
Now Banks have tightened their system and do not expect any action known to you and wait for their action, raise a personal loan and clear the EMI as expeditiously as possible, as you have to pay penal interest, huge expenses towards other actions of Bank etc. Banks obtain all such documents in advance and giving notice is just a formality, and it should be the borrower to be worried as banks have such powers and mere recall of loan is enough to take any action. Never give scope for any bank as it may spoil your credit rating and detrimental to your interests in future.