RBI Issues New Rules for Loan Recovery to Protect Borrowers
The Reserve Bank of India (RBI) has introduced new guidelines for loan recovery agents, prohibiting threats, abuses, and late-night calls to borrowers. These rules aim to provide relief to borrowers and ensure ethical recovery practices.
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No threats, abuses or social media harassment: RBI's new loan recovery rules to bring relief for borrowers
The new loan recovery regulations issued by RBI will come into effect from January 1, 2027.
Read full article →'No Threats, No Late Night Calls': RBI Issues New Rules For Loan Recovery
The RBI has also barred threatening, abusive or intimidating language. Agents cannot make anonymous or threatening calls.
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