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HARASSMENT BY MICROFINANCE
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...- 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...
- Next Cabinet meet to discuss Ordinance to rein in MFI loan recovery methods, says Karnataka CMThe Karnataka CM announced that the next Cabinet meeting will address an ordinance to control unlawful loan recoveries by micro-finance ins...
- Siddaramaiah talks tough on MFIs employing goondas to recover loansThe State Government has decided to take strict action against micro-finance institutions (MFIs) demanding high interest rates and harassin...
- Will amend law to rein in microfinance companies: Karnataka CM SiddaramaiahKarnataka Chief Minister Siddaramaiah has announced the state's decision to amend existing money lending laws and introduce new legislation...
- Karnataka govt mulls stringent laws to regulate microfinance companiesThe Karnataka government plans to enact tougher laws to control microfinance companies amid reports of loan recovery agent harassment leadi...
- Avoid taking loans from microfinance institutions: Assam CMAssam Chief Minister Himanta Biswa Sarma urged women in the state to avoid taking loans from microfinance institutions due to high interest...
- Committee on microfinance loans to suggest quantum of waiver: Himanta Biswa SarmaSarma, while talking to media persons on Thursday, said, “Waiver of loan for microfinance borrowers will be given on both principal and int...
- After five-year hiatus, mutual funds turn to investing in microfinance companiesLoans disbursed to women groups (clusters) carry better weightage as their repayment rates are higher than the men clusters.
- Vikram Akula plans a second innings in microfinance with Vaya FinservVaya Finserv, a business correspondent for banks, will apply to become a small bank to commence lending and deposittaking activities in unb...
- MFIs hope for better time ahead on regulatory clarityAfter reeling under a credit scarce situation and regulatory dilemma, the domestic microfinance industry is hopeful of steady progress.
- 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.
- SKS Microfinance to provide small loans at 24.55%Hyderabad-based SKS Microfinance today said it was reducing interest rates and would charge 24.55 per cent per annum from all categories of...
- Chandler-backed Share Microfin gets market jittersShare Microfin plans to delay it IPO after rival microfinance companies in India sought emergency funds to cope with rising loan defaults.
- Controversy-ridden SKS Microfinance' Q2 net up 2 foldsSKS Microfinance, facing allegations of using strong-arm loan recovery tactics, today reported over two fold jump in its net profit at Rs 8...
- SKS Microfinance tanks 8 pc to hit all time low on BSEShares of SKS Microfinance on Friday plunged to all-time low of Rs 1,018 before closing 4.78 per cent down.
- SKS Microfinance scrip tanks 5 pc on BSESKS Microfinance today tumbled after the Andhra Pradesh Police arrested three people working with it and another small lender Spandana.
- Police arrests staff of SKS & Spandana microfinance cos on harassment chargeThe Andhra Pradesh Police on Friday said it has arrested three people working with SKS Microfinance and Spandana on a complaint of harassme...
- RBI puts microfinance players on noticeEarlier this year, the RBI had told banks to make sure that loans they advance to MFIs are on-lent at rates prescribed by the Reserve Bank ...
- New ordinance may hit Andhra MFIsThe Andhra Pradesh government is considering an ordinance that may make it very difficult for microfinance firms, (MFI), to recover loans f...
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