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Bajaj Finance fined for harassing borrowers

The Reserve Bank of India (RBI) has fined Bajaj Finance Rs 2.5 crore for harassment and intimidation of customers by recovery agents during debt collection. The penalty comes at a time when law enforcement authorities are cracking down on app-based lenders for harassing borrowers, which had led to suicide in a couple of cases.

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Bajaj Finance fined for harassing borrowers Bajaj Finance fined for harassing borrowers Reviewed by Space encyclopaedia on January 05, 2021 Rating: 5

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