Small Entrepreneurs Forced to Turn to Moneylenders with Exorbitant Interest Rates After RBI Ban on IIFL Gold Loans
Kolkata : The Reserve Bank of India’s (RBI) recent ban on IIFL Finance’s gold loan business has left many small entrepreneurs in West Bengal in dire straits, forcing them to seek loans from moneylenders charging astronomical interest rates of up to 60% per annum. IIFL Finance, which claims to serve sixty lakh customers, primarily small […]
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