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'Can't outsource recovery agents': RBI cracks the whip on M&M Financial
This is probably the first time the regulator has cracked down on lenders on recovery by coercive methods, which is typically a hallmark of outsourced recovery agents
M&M Fin Serv to raise Rs 500 crore via retail bonds
The rating agency has also assigned MMFSL's proposed Rs 1,500 crore commercial paper (CP) issuance an "A1+" rating