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Supreme Court restricts banks, NBFCs from forceful vehicle seizures

17 Sept 2026 · 16:16 ISTafter close1 source ↓written by the desknot a recommendation

The Supreme Court ruled that banks and NBFCs cannot use force to seize vehicles in loan defaults, emphasizing that existing RBI guidelines have not been implemented. This decision aims to protect borrowers from aggressive recovery tactics, potentially impacting lending practices in the sector. 📉

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 17 Sept 2026, 16:16 IST.

Sourcesnews.google.com

Banking
NBFC

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Supreme Court restricts banks, NBFCs from forceful vehicle seizures

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