SK Manjunath
SK Manjunath is a senior sales manager at a private bank, who has raised concerns about the aggressive recovery tactics employed by microfinance institutions. He highlighted how these tactics lead to public humiliation and intense pressure on borrowers, particularly within community lending groups, contributing to severe psychological distress and societal implications.
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India:
SK Manjunath, senior sales manager at a leading private bank, said: 'Microfinance institutions ensure high repayment rates through community-based enforcement.'
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