Banks and Financial Institutions Tighten Loan Security Measures for Borrowers.
The article discusses how banks and financial institutions operate under the SARFAESI Act 2002. It explains that banks follow guidelines from the Reserve Bank of India when lending money, usually requiring security for loans. The main goal of banks is to receive deposits and use them efficiently to make money, while also providing services to customers. The Reserve Bank of India controls the flow of money to promote balanced growth.