Kalam Times

RBI Loan Recovery Rules: Banks Cannot Lock Your Phone or Laptop for Unrelated Loan Defaults From January 2027

RBI Loan Recovery Rules 2027: Missing a loan EMI can lead to penalties, recovery proceedings and an adverse impact on a borrower's credit profile, but lenders cannot use every possible method to recover overdue payments. The Reserve Bank of India (RBI) has tightened the framework governing how regul...