sir,
I have went and asked the manager of south indian bank,thalassery for a loan of rs50000..he asked me to submit the necessary papers.i have submitted everything told by him.on the day of applying he said that i need to take a life insurance for the equal loan amount...but i came to know that the bank do not ask for a security for a loan amount below rs 4,00,000....the insurance comes to a sum of rs 5500....the loan was cancelled for us.....i think he has got a tie up with the insurance agent.....i humbly request you to check the bank terms and take nessary action against him so that this wont happen for any other students like me.....
thanking you,
waiting for your reply