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MICROFINANCE COMPANIES COMPLAINTS
IndusInd Bank faces fresh whistleblower allegationsThe new complaint alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial ...- 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 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...
- RBI cautions micro finance lenders against usurious interest ratesThe Reserve Bank of India (RBI) has warned lenders, particularly in the microfinance sector, against charging "usurious" interest rates by ...
- Whistleblowers raise loan evergreening issue at IndusInd armThese alleged transactions to dress-up the books have damaged the micro-lending business built over the years and could even trigger politi...
- Reserve Bank of India looks to sort out e-KYC matter for non-bank lendersThe government has been hesitant to give non-banks entities the access to the Unique Identification Authority of India’s (UIDAI) database f...
- Microfin worries take a toll on Bharat FinancialMaharashtra government will form a special investigation team to look into complaints of irregularities and violations of RBI guidelines by...
- SKS Microfinance shareholder alleges irregularities in AGMWhen contacted, a spokesperson of SKS Microfinance said the annual general meeting, including the voting process, had been conducted as per...
- Chitfund: Tripura CM slams Centre for not enacting lawTripura Chief Minister Manik Sarkar today criticized the Centre for not enacting a uniform law for controlling chit fund companies.
- SKS Microfinance surges on hopes to recover Rs 600 croreSKS hopes to recover as much as Rs 600 cr from borrowers, following Cabinet approved of a bill that will bring lenders under the supervisio...
- SKS Microfinance to spend Rs 15 crore on improving grievance redressalSKS Microfinance today said it will invest Rs 15 crore over the next three years for strengthening customer grievance redressal.
- Draft Microfinance Institutions Bill completed, brings organisations under RBI purviewThe Bill defines microfinance services broadly - fin services in small amounts including microcredit, collection of thrift, remittances, pe...
- MFI regulations may be in place by AprilThe Reserve Bank of India may start implementing some of the proposals of the Malegam committee on microfinance regulations, including a ca...
- 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.
- 'Vikram Akula made me do illegal things'Malini Byanna, former wife of Vikram Akula, isn’t surprised at the mess SKS finds itself in, and says Vikram has trouble sharing power & gl...
- 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.
- Vikram Akula's ex-wife Malini Byanna accuses SKS Microfinance of mismanagementIn an exclusive interview to ET Now, Malini Byanna ex-wife of Vikram Akula has accused SKS of mismanagement. Akula has denied the allegatio...
- 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...
- 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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