MediaNamaOpinion

Now, lenders can disable smartphone functions in case of default: Where do RBI’s new draft rules fall short?

RBI has proposed draft rules allowing lenders to restrict smartphone features in loan default cases while banning harassment ...
Newspoint on MSN

RBI proposes to let lenders restrict smartphone functions in case of default

The Reserve Bank of India (RBI) has issued amendment directions to revise ‘Conduct of Regulated Entities in Recovery of Loans ...

RBI Proposes New Rules Allowing Lenders to Restrict Phones Bought on EMI After Loan Defaults

The RBI has proposed allowing lenders to restrict certain smartphone functions for users who default on loans taken to purchase mobile devices.
Deccan Chronicle

RBI Proposes To Lock Loan Financed Phones In case Of Default

Borrowers must first receive a notice after 60 days past due, with 21 days to repay, followed by a second notice allowing at least another week: RBI ...