Existing law ineffective to deal with highhandedness of Microfinance firms: K’taka Minister

Bengaluru, Jan 24 (IANS) Amid incidents of suicides due to alleged torture by the Microfinance institutions (MFIs), Karnataka Home Minister G. Parameshwara said on Friday that the existing law is not effective in dealing with the “highhandedness” of such companies in the state. Addressing media in Bengaluru, Parameshwara stated, “Throughout the state, complaints have been … Read more