Loan recovery agents face RBI heat for unfair practices

Even as financial institutions are in the thick of action with regulations, the role of loan recovery agents is coming to light once again. This, after a Reserve Bank of India order banning Mahindra Finance from using third party recovery agents for recovery and repossession of assets after an unfortunate incident at Hazaribagh last week.

from Banking/Finance-Industry-Economic Times https://ift.tt/pvtgXO0