Finance firms, banks want loans repaid

MYSURU: Borrowers are worried as micro-financing firms, private banks and some primary co-operative societies have stepped up pressure for recovery of loans, going against the spirit of Reserve Bank of India’s moratorium relief. With the lockdown norms relaxed, their agents have entered the villages knocking at the doors of the borrowers asking them to pay the weekly instalment. A few have sent SMS messages asking them to pay the instalment and have even threatened that they may not be able to further raise loans in future as they may end…

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