NDTV·2 min read·medium
'No Threats, No Late Night Calls': RBI Issues New Rules For Loan Recovery
✦AI Summary
The Reserve Bank of India (RBI) has introduced new regulations governing loan recovery practices. The rules explicitly prohibit the use of threatening language, abusive behavior, and anonymous late-night calls by recovery agents.
The RBI has also barred threatening, abusive or intimidating language. Agents cannot make anonymous or threatening calls.
economybusiness
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