RBI Directs Mahindra & Mahindra Financial Services To Cease Recovery Through Outsourcing Arrangements
Pallavi Mishra
28 Sept 2022 12:00 PM IST
On 22.09.2022, the Reserve Bank of India (RBI) issued a press release, directing Mahindra & Mahindra Financial Services Ltd. (MMFSL), Mumbai, to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders. However, the MMFSL may continue to carry out recovery or repossession activities, through its own employees. It...
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