• ISSN: 2301-3567
    • Frequency: Quarterly (2013-2014); Monthly (Since 2015)
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
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JOEBM 2015 Vol.3(8): 807-811 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.290

Indian Banks Perception in 2020: Some Issues on Resilient Houses

Kastoori Srinivas
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.

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