RBI's New Recovery Rules Shield Borrowers from Harassment, Device Locking

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Regulation

10 August 2026 at 8:13 am

RBI's New Recovery Rules Shield Borrowers from Harassment, Device Locking

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Summary

The RBI's new loan recovery rules, effective January 2027, will protect borrowers from harassment, misuse of personal data, and unauthorized device locking by banks, NBFCs, and recovery agents.

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