Upholding Dignity: FM Sitharaman Demands Fair NBFC Loan Recovery Practices
New Delhi, India – In a significant move to safeguard customer well-being and ensure ethical financial operations, Union Finance Minister Nirmala Sitharaman has delivered a powerful message to Non-Banking Financial Companies (NBFCs): their NBFC loan recovery practices must be fair, respectful, and empathetic, aligning strictly with the Reserve Bank of India’s (RBI) Fair Practices Code….