The Reserve Bank of India on Wednesday proposed that banks cannot disable or restrict the mobile phones of defaulting borrowers to recover personal, car, or home loans, as part of efforts to curb aggressive recovery practices. For the full story, visit the source.
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Banks cannot disable mobile phones of defaulting borrowers: RBI proposal
The Reserve Bank of India on Wednesday proposed that banks cannot disable or restrict the mobile phones of defaulting borrowers to recover personal, car, or home loans, as part of efforts to curb aggressive recovery practices.
By PTI· BusinessLine· 7 days ago· 2 min read
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