FM Nirmala Sitharaman criticises loan recovery practices, shares roadmap for NBFCs
Union Finance Minister Nirmala Sitharaman on Wednesday (July 9) criticised the non-banking financial companies (NBFCs), urging them to adopt fair lending practices and humane recovery methods addressing industry leaders at the NBFC Conclave 2025. Highlighting concerns over rising complaints, she said recovery processes must operate within the bounds of humanity and regulation. The minister also…