The Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality within one hour of confirmation of payment. Additionally, borrower compensation is limited to the total loan amount. The… For the full story, visit the source.
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RBI relaxes device-loan recovery norms
The Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality within one hour of confirmation of payment. Additionally, borrower compensation is limited to the total loan amount. The…
By ET Bureau· The Times of India· 2 months ago· 2 min read
This summary is sourced from The Times of India. Read the full article at:The Times of India