banks

Banks Can Do More to Get People Out of the Debt Trap

With the next General Elections to be held in 2015, the government is going all out in its efforts to curb the huge deficit, bringing the issue of debt into sharp focus. Banks, who were beneficiaries of the state’s largesse, are now making concerted efforts to generate profits that would help them repay their debts. On the other hand, the tough economic situation has seen a steep increase in personal debt.