Survey Highlights Coercive Loan Recovery Practices and Borrower Harassment in India
2 hours agoBusiness
47LENS
1 SourcesDelhi, India
TBNthebalanced.news
Survey Highlights Coercive Loan Recovery Practices and Borrower Harassment in India

A survey by Expert Panel reveals widespread harassment by loan recovery agents in India. Nearly 39% of surveyed borrowers reported abusive calls, 28% faced repeated calls from multiple lenders, and 11% experienced visits from agents. Job loss and high EMI burdens are primary reasons for defaults, not deliberate evasion. The findings highlight a disturbing normalization of coercive recovery practices within India's growing credit market.

Political Bias
35%35%30%
Sentiment
30%