Abstract—Banking the world over is undergoing a rapid and
radical transformation, thanks to the all-pervasive influence of
Information Technology, telecommunication and Elec- tronic
Data Processing. India is no exception. This article attempts to
visualise the perception of banks in India in the year 2020,
taking into account the initiatives taken in Liberalisation,
Privatisation and Globalisation (LPG). From the day human
civilisation started money lenders started to lend money to the
borrowers for construction of houses subject to submission of
original land and plan approval documents of the house in
addition to acceptance of few more conditions. In the modern
society, the common people generally takes loan from
commercial banks, or money lenders for construction of house,
marriage of children, education of children, medical treatment
to ailing family member, etc., Loans are provided by the
commercial banks aiming towards the well being of the people.
Housing loans are provided by the banks aiming towards
reducing financial hardship of common public when they go for
owning a house. Owing a house satisfy one of the three basic
human needs. The house provides safe and security to the
family members living in the house. As the Geosphere is
dynamic, there is a threat to the life of the family members and
damage to the houses from natural disasters like earth quake,
flood, land slide, tsunami, etc., Therefore at present, there is an
increasing trend of construction of disaster resilient houses. The
author discusses about the need for ensuring disaster resilient
houses, and few issues related to availing housing loans from the
Commercial Banks. The author further advocates for
construction of disaster resilient houses and supports the
culture of prevention for sustainable development.
Index Terms—Housing loan, dynamic geosphere, disaster
resilient house, culture of prevention, sustainable development.
Kastoori Srinivas is with the Commerce Dept, Vivek Vardhini (AN)
College, Osmania University, Jambagh Koti, Hyderabad, 500095, India
(e-mail: drsrikas@gmail.com).
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Cite: Kastoori Srinivas, "Indian Banks Perception in 2020: Some Issues on
Resilient Houses," Journal of Economics, Business and Management vol. 3, no. 8, pp. 807-811, 2015.