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Wednesday 6 January 2021

Bajaj Finance fined for harassing borrowers

The Reserve Bank of India (RBI) has fined Bajaj Finance Rs 2.5 crore for harassment and intimidation of customers by recovery agents during debt collection. The penalty comes at a time when law enforcement authorities are cracking down on app-based lenders for harassing borrowers, which had led to suicide in a couple of cases.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3hNgJEc

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