Banks making lending "too cheap", a source from the star newspaper Malaysia

stated that two top bankers have lambasted banks for making lending "too cheap" and giving into excessive competition.

"On consumer side, there's been over agressiveness and hire purchase loans which forced rate to falls " below economic level"

for mortgage, example that consumer can borrowed 3.3 per annum which is reasonable low for nowadays. Talking by the CEO from Malayan Banking Bhd.

and according to the HSBC deputy chairman, Banks should knows their borrowers who in turn, must know about their own funding requirements.

Is this the factors that effect our economics? I think it makes sense, everything must has the balance side. If bank borrow without counting , it will occur the risk for them also. Borrower just borrow and without return at last the bank will close door. Am i right? So everything must be in balancing.