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Moneylife » Personal Finance » Borrowing » The Night after the Big Fat Indian Wedding

The Night after the Big Fat Indian Wedding

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06/11/2008 12:00 AM | 

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Grand weddings, parental pressure and the availability of easy loans have wrecked several promising young lives. They burnt up lakhs of rupees to make the family look good for a few days, only to face a future of financial trauma and depression. Nutan Lugani, a committed consumer activist, currently in charge of Disha, ICICI Bank’s counselling centre, describes how borrowing to splurge on ostentatious weddings has blighted careers

Amrit Patel entered Disha’s office with a gaunt face and receding hairline, which made him look much older than his 32 years. An executive with a business process outsourcing company, he was ...


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