RBI extends loan recovery norm deadline to January 2027
The Reserve Bank of India has extended the deadline for its new loan recovery guidelines to 1 January 2027, three months later than originally planned. The norms, announced on 6 August, ban…
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RBI issues new loan recovery rules, effective 1 Jan 2027
The Reserve Bank of India (RBI) has issued a new framework for loan recovery, effective 1 January 2027. Recovery agents cannot threaten, abuse, or harass borrowers. Calls and visits are allowed only…
RBI bans banks from locking borrowers’ phones for recovery
The Reserve Bank of India has prohibited banks from disabling a borrower's mobile phone, tablet or laptop as a loan recovery tool, except when the device itself was financed by the bank.…
