DC Rajendra Bans Demand of Repayment of Loans by All Non Banking Financial Companies During Pandemic

DC Rajendra Bans Demand of Repayment of Loans by All Non Banking Financial Companies During Pandemic

Dakshina Kannada deputy commissioner Dr Rajendra has banned microfinance companies, cooperative societies and non-banking financial companies operating in the district from demanding the repayment of loans borrowed by people during the pandemic. He stated that travel is only permitted for emergency reasons.
The DC has appointed nodal officers to whom people can reach out with their grievances concerning microfinance companies and non-banking financial companies that are demanding the repayment of loans. These nodal officers are directed to respond to the complaints from borrowers and also provide solutions to the problems of people by coordinating with borrowers and the microfinance companies, cooperative societies and non-banking financial companies.
Praveen, lead district manager for Mangalore can be contacted on the – 9449860916 and will receive concerns pertaining to non-banking financial companies. Whereas, Praveen B Nayak, deputy regulatory of cooperative societies for Mangalore can be contacted on – 9448633338. He is the nodal officer for microfinance companies and cooperative societies.

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