UPDATE: July 24, 2023, 06:48 PM IST
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Today the case of forced loan recovery… MoreToday, the matter of forcible loan recovery was raised in the Parliament. As you know, banks and financial institutions use all kinds of tricks to recover loans. Banks also sometimes employ rough bouncers as recovery agents, and this hired bouncer is used to intimidate people into collecting loans. Finance Minister Nirmala Sitharaman addressed this issue during the Question Hour today. He said that banks have been instructed to ensure that no coercive steps are taken for loan recovery. Watch.