India | Updated Nov 19, 2007 at 05:48pm IST

Recovery agents go the Gandhigiri way

Priyanka GuptaPriyanka Gupta, CNN-IBN

Sagar: A small co-operative bank in Madhya Pradesh is collecting it’s dues from defaulting customers not by sending threatening goons, but by humbly begging them to pay.

The Gandhigiri technique employed by this District Cooperative Bank in Sagar in Madhya Pradesh seems to be working well as gentlemen in Gandhi-caps and folded hands are requesting people to repay loans.

It is surely a rare sight to see a small bank going the Gandhigiri way and it is a lesson for all the big banks who literally force money out of their customers.

A customer of the District Cooperative Bank in Sagar, Mahesh Chaube says that everyone must pay their loans and the money which is borrowed must be returned.

This bank in a small town of Madhya Pradesh has to collect a whopping amount of Rs 80 crores from it’s defaulting customers and the bank has faith that the Munnabhai magic will work and make people pay their debts.

“One must resort tp peaceful methods of collecting payments. The Gandhigiri way is much better than other methods,” says Rajesh Khatri, an employee of the Cooperative Bank. Many others working in the bank are hopeful that people will pay their dues.

Employees of the bank feel they get a bonus when people return the money with smiles.

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