Finance Minister Nirmala Sitharaman urged NBFCs to adopt fair and empathetic loan recovery practices, aligning with RBI guidelines, especially for small loans, emphasizing customer dignity. She also suggested that NBFCs could partner with banks to enhance priority sector lending, addressing the issue of unutilized funds and ensuring timely credit delivery to intended beneficiaries, seeking RBI guidance on this collaboration.
from Banking/Finance-Industry-Economic Times https://ift.tt/GI5BKtU
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