Banks withdraw foreclosure charges after MSMEs decide to involve Banking Ombudsman

New Delhi, June 26 (KNN) Two private lenders Infrastructure Development Finance Company (IDFC) First Bank Ltd., and Karur Vysya Bank Ltd., (KVB) have decided to reverse their decision on foreclosure charges unfairly imposed on their MSME customers.

Federation of Indian Micro and Small & Medium Enterprises (FISME) is pro-actively involved in resolving such issues faced by MSMEs and has provided extensive support in these two cases.

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