First & the foremost thing, which I would like to tell all the Business owners & Entrepreneurs is to change your attitude towards all “Banks & Financial Institutions”.
We all have a different kind of attitude, especially towards banks, we all have a sort of soft attitude towards banks. We all think that banks are really great organisations created to help us in our progress & growth. This is a myth. It is completely wrong. Unless & until you change your attitude towards banks, you will never be able to get any benefit from any bank or financial institutions or raise any kind of funds or capital from any bank, not only in India but anywhere in the world.
Always remember that, Banks are pure commercial organisations. When I say that they are pure commercial organisations the very first thing that comes to your mind is “Profits”, isn’t it? Yes, you are absolutely right. Like any other commercial organizations, banks are highly profit oriented & very selfish in nature. First they always look at their selfish interests, before serving others.
Banks have not been created for the purpose of “Service”. They are not organizations out there, to do any kind of service to anybody. Unfortunately, all the products & schemes of banks are very intelligently camouflaged to look as if they are “Service”, which the people believe, but in reality they are not. In actual reality, they are all schemes to serve their banks selfish interests which is ultimately their profits. Since they are all backed by the Governments, there are little constraints, to fully go after only profits at any costs.
One must also remember that banks have not been created to help & salvage “losers”. If you or your business is on the losing side, banks are just not there to help you in any way. You can count on banks only if your business is making profits & you are on the side of profits.
After the banks give loans to their customers, which is one of their main product of their so called “service” are ruthless in collecting it back along with interests till the last day along with various penalties & legal charges. At any costs, their loans have to be serviced very regularly month after month. Whether your business is making profits or not, whether somebody is alive or dead or whether somebody is healthy or sick, their loan has to be serviced every month after month at any costs without any excuses.