
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’s 2026 recovery rules aim to curb harassment and strengthen borrower protection, with strict action against intimidation by banks and NBFC agents. Recovery agents cannot harass borrowers, while borrowers must also understand and fulfil their financial res…