Episode 17
How Mahindra Finance dealt with the RBI curb on recovering loans via third party agents
The RBI action against the NBFC had come after a pregnant woman was crushed to death by a tractor being driven by a Mahindra Finance recovery agent in September last year
January 18, 202312m 21s
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Show Notes
For Mahindra Finance, the RBI directive against it couldn't have come at a worse time.
The rural financier had barely recovered from the effects of the lockdown since it had higher bad loans than its rivals. Add to that the dent on its reputation.
How did the NBFC deal with the RBI's restriction on using third party agents for repossession?
Tune in to find out.
Topics
newstechnologybusinessThe Ken