The RBI has proposed stricter loan recovery rules, including mandatory certification for recovery agents, safeguards against harassment, grievance redressal mechanisms, and compensation for wrongful recovery actions. Lenders also cannot block mobile phones ov… For the full story, visit the source.
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RBI proposes tighter norms for recovery agents, bank employees; bars abusive language, blocking mobile phones: Details
The RBI has proposed stricter loan recovery rules, including mandatory certification for recovery agents, safeguards against harassment, grievance redressal mechanisms, and compensation for wrongful recovery actions. Lenders also cannot block mobile phones ov…
By Swati Gandhi· Livemint· 8 days ago· 2 min read
This summary is sourced from Livemint. Read the full article at:Livemint