#loan-recovery
Can banks recover loans from life insurance payouts? Allahabad HC weighs in
SC on SBI loan recovery: Allahabad HC asked SBI to refund ₹17.29 lakh deducted from a widow's account to recover her deceased husband's loan, saying the bank was prima facie not entitled to recover it from insurance proceeds
How RBI's rules for gadget loan recovery can make a positive difference for India on many counts
The Reserve Bank of India’s new rules that enable the use of technology tools to ensure loans for smartphones and other devices are duly repaid could drive up demand for these items. The idea can boost economic inclusion by taking gadget credit far and wide.
RBI: Defaulters’ devices can be locked gradually
India Business News: MUMBAI: RBI has eased its proposed norms on device disablement for EMI-financed gadgets and relaxed disclosure requirements for recovery agents after .
In a Fresh Blow To Nirav Modi , Bank Of India Wins Rs 100 Crore Battle
London Court orders Nirav Modi to pay over $10 . 7 million to Bank of India in loan recovery case
HC questions SBI loan on disputed Fab City land in Maheshwaram
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.
Now, lenders can disable smartphone functions in case of default: Where do RBI’s new draft rules fall short?
RBI has proposed revised loan recovery rules allowing lenders to restrict certain smartphone features in default cases while banning harassment by recovery agents. The post Now, lenders can disable smartphone functions in case of default: Where do RBI’s new d…
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…
RBI reworks draft loan recovery directions following industry feedback
The draft norms also bar lenders from disabling essential features such as internet access, incoming calls, emergency SOS services and public safety notifications