......Scores of raids have been carried out on illegal money lenders and credit firms by the police, and hundreds have been arrested so far. Home Minister, Ramesh Chennithala, has said the government would wipe out the ‘blade mafia’. He has asked the Reserve Bank of India to strictly enforce its regulatory role over registered NBFCs as many registered NBFCs are also charging high interest rates. Though the interest rates charged by the co-operative societies are low,........
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