...."RBI needs to address such anomalies in the interest of justice and fair play," Alva said at an award ceremony for SHGs organised tonight by National Bank for Agriculture and Rural Development (NABARD) here. In her address, she also highlighted the issue of recovery of loans by microfinance companies using "unethical" methods and said such practices should be abolished. "Microfinance companies exploiting helpless poor women with exorbitant interest on their loans and resorting to unethical and even violent methods for recovery.........
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