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Mahindra Finance stock falls 11% after RBI order on recovery agents
short by Srishty Choudhury / on Friday, 23 September, 2022
A day after RBI directed Mahindra & Mahindra Financial Services to immediately stop any recovery operations through outsourcing arrangements, its shares fell over 10% on Friday. At 11:45 am, they were trading 11.44% lower at ₹198.10/share. RBI's directive came after a pregnant woman was allegedly run over by a tractor being forcibly driven away by loan recovery agents in Jharkhand.
read more at CNBC-TV18