Missed a loan EMI? RBI’s new recovery rules shield borrowers from harassment and device locking
· livemint.com
RBI’s new loan recovery rules protect borrowers from harassment, misuse of personal data and unauthorized device locking, setting clearer boundaries for banks, NBFCs and recovery agents from January 2027.
Managing personal loans or home loan EMIs can be stressful. Missing due dates or defaulting on repayments carries serious implications, including the risk of be...