https://www.taxtmi.com/news?id=31450 The state will amend money lending laws and enact new legislation to protect genuine borrowers of microfinance institutions and private lenders, mandating adherence to RBI guidelines during recovery, prohibiting harassment and outsourcing of recovery work, banning collections after 5 PM, enforcing prescribed interest limits, and directing stringent action and RBI monitoring for violations. en-us Sat, 25 Jan 2025 14:46:02 +0530 Sat, 25 Jan 2025 14:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31450 The state will amend money lending laws and enact new legislation to protect genuine borrowers of microfinance institutions and private lenders, mandating adherence to RBI guidelines during recovery, prohibiting harassment and outsourcing of recovery work, banning collections after 5 PM, enforcing prescribed interest limits, and directing stringent action and RBI monitoring for violations. News - Sat, 25 Jan 2025 14:46:02 +0530 https://www.taxtmi.com/news?id=31450