---------- Forwarded message ----------
Date: Jun 14, 2007 9:31 AM
Subject: Re: reverse mortgage
To: nam <email@example.com>
Who is this K.V.Sudhakaran!
Please ask him not to comment on bankinng and financial matters for which he may not be capable of judging.
The idea is a new bank product for the benefit of those who want to avail it. In the process if the bank make their share of profit, there is no harm in it. There are many more banking and insurance products still to be introduced in the Indian market for the benefit of people.
In the 80's and 90's when there was no housing loans people like us had no opportunity to own good housing. Now youngsters are stepping in to lifestyle houses in the first year of their employment. Thanks to housing loans.
Let us look forward to all such banking and financial instruments be made available for all the citizens of India.
Best of luck