Karnataka government will amend laws to regulate microfinance companies due to public outrage over debt-related harassment. CM Siddaramaiah announced...
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The Karnataka cabinet has approved an ordinance imposing non-bailable charges on microfinance and non-banking financial companies that engage in harsh loan recovery practices. This measure aims to curb harassment and suicides linked to aggressive loan recovery. Police will have increased authority to file cases against offending firms, and an ombudsman will be established to oversee these issues.
Karnataka government will amend laws to regulate microfinance companies due to public outrage over debt-related harassment. CM Siddaramaiah announced...
Karnataka CM Siddaramaiah announced plans to amend money lending laws to protect borrowers amid public outrage over microfinance harassment.
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The Member of Parliament for Asawase and Minister-designate for the Interior, Muntaka Mohammed-Mubarak, has announced plans to curb harassment and...
The Member of Parliament for Asawase and Minister-designate for the Interior, Muntaka Mohammed-Mubarak, has announced plans to curb harassment and...