The Karnataka government plans to enact tougher laws to control microfinance companies amid reports of loan recovery agent harassment leading to suicides. Home Minister G Parameshwara mentioned that stricter regulations might be introduced to protect borrowers. Former CM H D Kumaraswamy criticized the government for not addressing this issue, urging decisive action against exploitative practices.
from Banking/Finance-Industry-Economic Times https://ift.tt/Cz2ibtF
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