RBI tightens loan recovery rules, offers ₹25,000 fraud cover
after close1 source ↓written by the desknot a recommendation
The Reserve Bank of India is set to implement new draft guidelines to protect borrowers from aggressive loan recovery tactics. Governor Sanjay Malhotra announced measures addressing mis-selling, agent conduct, and customer liability in unauthorized transactions. These changes aim to enhance accountability for banks and NBFCs, ensuring fair treatment for consumers.
Not investment advice. For informational purposes only.