Amid suicides, Karnataka govt puts checks on microfinance firms
Karnataka government will amend laws to regulate microfinance companies due to public outrage over debt-related harassment. CM Siddaramaiah announced measures to cap interest rates and protect debtors, emphasizing adherence to RBI regulations and potential police action against non-compliant firms.
Karnataka government will amend laws to regulate microfinance companies due to public outrage over debt-related harassment. CM Siddaramaiah announced measures to cap interest rates and protect debtors, emphasizing adherence to RBI regulations and potential police action against non-compliant firms.
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