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Tag: RBI rules

The RBI's directions ensure the borrower has sufficient time and notice for loan repayment before the device functionalities can be restricted.
Posted in Business

RBI tightens rules for banks for disabling/restricting mobile devices in the event of loan default: What you should know

 June 4, 2026  Leave a Comment on RBI tightens rules for banks for disabling/restricting mobile devices in the event of loan default: What you should know

On 20th May 2026, the RBI issued a draft circular amending the directions on the conduct of banks in the recovery of loans and the…

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