RBI proposes loan restrictions on financed mobile devices
after close1 source ↓written by the desknot a recommendation
- be imposed
- 90 days overdue
India's central bank proposed allowing lenders to remotely disable mobile phones or tablets financed through loans in case of default. Restrictions can be imposed after 90 days overdue, following a notice process. This measure aims to enhance responsible lending practices and may impact consumer electronics financing.
Not investment advice. For informational purposes only.