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RBI Bars Banks From Locking Borrowers' Mobile Phones For Loan Recovery

Banks can restrict devices financed through loans only after accounts turn 30 days overdue; wrongful locking or delayed restoration can attract compensation of Rs 250 per hour.

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NDTVCenter·2h ago
RBI Bars Banks From Locking Borrowers' Mobile Phones For Loan Recovery
Banks can restrict devices financed through loans only after accounts turn 30 days overdue; wrongful locking or delayed restoration can attract compensation of Rs 250 per hour.
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RBI Bars Banks From Locking Borrowers' Mobile Phones For Loan Recovery

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RBI Bars Banks From Locking Borrowers' Mobile Phones For Loan Recovery

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