Private NBFC Recovery Agent Kills Woman...

Private NBFC Recovery Agent Kills Woman...

Outsourcing is not a virtue.

Bullying and terrorism of outsourcing agencies engaged by Pvt financial companies for recovery/repossession are inhuman.

Credentials and trustworthiness of OS agencies are questionable.

Unethical business models and conduct of Outsourcing agencies must be put to an end.

Recovery Agent kills Woman

RBI's regulatory action comes following reports of a 27-year-old pregnant woman being allegedly crushed to death on September 15 in Jharkhand, by a tractor being driven by a recovery agent acting on behalf of M&M Finance.

The 27-year-old woman was trying to stop the loan recovery agent from seizing her differently-abled father’s tractor–financed by M&M Finance–over unpaid dues to the extent of ₹1.2 lakh.