RBI tightens loan recovery rules, prohibits harassment of EMI defaulters

8 August 2026 at 1:12 amHyperFast News

#RBI #Loan Recovery #EMI Defaulters #Banking Regulations #Financial Services

Summary

The RBI has introduced new, stricter guidelines for loan recovery, effective January 1, 2027, prohibiting harassment of EMI defaulters and imposing strict norms on communication and recovery tactics.

RBI tightens loan recovery rules, prohibits harassment of EMI defaulters

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