The department of financial services, Ministry of Finance, has prepared a draft bill, which proposes severe punishment with jail term of up to 10 years and monetary fines of up to ₹1 crore for those found involved in promoting unregulated lending activities.
This story is from the December 20, 2024 edition of The New Indian Express Vijayawada.
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This story is from the December 20, 2024 edition of The New Indian Express Vijayawada.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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