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COERCIVE LOAN RECOVERY
Karnataka MFI Ordinance: New law imposes tough conditions for MFIs to operate, coercive loan recover will invite fine, jail termThe Karnataka Government has enforced the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, which manda...12 Feb, 2025, 08.57 PM IST- Karnataka governor clears ordinance to curb coercive micro-loan recoveriesGovernor Thaawarchand Gehlot approved the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025. The ordinan...12 Feb, 2025, 05.44 PM IST
- Micro Finance: Karnataka Governor returns Ordinance, questions its need when there are other lawsGovernor Thaawarchand Gehlot returned the Karnataka Micro and Small Loan Ordinance, 2025, to the state government for clarification on six ...07 Feb, 2025, 07.03 PM IST
- Karnataka: MFI Ordinance proposes 10-year jail for coercive recovery of loansThe proposed micro-finance ordinance aims to impose hefty fines and lengthy jail terms on micro-finance institution executives who use coer...04 Feb, 2025, 07.49 PM IST
- Karnataka: Officials panel to vet MFI Ordinance draft to strengthen proposed lawA high-level meeting led by Chief Minister Siddaramaiah has decided to form a group of senior finance and law officers to review a draft Or...30 Jan, 2025, 08.11 PM IST
- MFIs in Karnataka may face fresh recovery challengesThe Karnataka government plans to introduce an ordinance to regulate microfinance recovery practices due to concerns over coercive loan rec...28 Jan, 2025, 08.29 PM IST
- West Bengal: Borrower suicide brings back focus on coercive recovery practices, ills of multiple lendingThe incident has also brought back the focus on the perils of multiple lending as the couple had taken loans from several lenders. Rekha Ma...23 Sep, 2023, 12.09 PM IST
- No fresh MFI loans in AP a year after Microfinance OrdinanceMicrofinance institutions operating in Andhra Pradesh have stopped making fresh loans due to their mounting non-performing assets.16 Oct, 2011, 03.40 PM IST
- Differential credit limit for MFI borrowers likelyThe RBI is likely to set different credit limit for loans extended to rural and urban borrowers by micro finance companies, while recommend...02 May, 2011, 05.28 PM IST
- Indian MFIs should not charge more than 20 pc int rate: YunusCriticising Indian micro finance companies for ignoring social service activities and overcharging, micro credit guru and Noble laureate Mu...27 Feb, 2011, 11.01 AM IST
- Economic Survey: Opaque MFI contracts can lead to sort of sub-prime crisisStressing on transparency more than capping of interest rates, the pre-budget Economic Survey on Friday asked the government to take steps ...25 Feb, 2011, 03.42 PM IST
- MFIs: Confusion still reignsThe impact of the Andhra ordinance on MFIs must yield useful clues to design future regulatory policies.29 Dec, 2010, 12.50 AM IST
- Pranab tells micro lenders to frame code of conductFinance minister Pranab Mukherjee said micro lenders must develop a code of conduct on interest rates and prohibit coercive recovery method...27 Oct, 2010, 06.56 AM IST
- Pranab tells micro lenders to frame code of conductFinance minister Pranab Mukherjee said micro lenders must develop a code of conduct on interest rates and prohibit coercive recovery method...27 Oct, 2010, 06.41 AM IST
- 30 commit suicide in 45 days to escape microfinance agentsAbout 30 persons have committed suicide in the last 45 days, apparently due to the coercive methods of Micro-Finance Institutions in Andhra...15 Oct, 2010, 09.17 PM IST
- Finmin warns banks against using strong-arm tacticsThe ministry of finance has sent an advisory to all banks against using strong-arm tactics for recovery of loans.19 Nov, 2007, 05.54 AM IST
- Loan rates come under the lensTightening the noose around banks using coercive measures to recover loans, the Maharashtra government has asked the police to find out whe...02 Oct, 2007, 01.35 AM IST
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