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RBI GUIDELINES ON RECOVERY
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...01 Jun, 2026, 06.30 AM IST- Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this caseIf the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...21 May, 2026, 01.29 PM IST
- RBI proposes rules to let lenders disable phones for loan defaultsThe Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters, specifically for dev...20 May, 2026, 07.26 PM IST
- Canara Bank sees NIM floor at 2.5%, confident of absorbing ECL hit without fresh equityCanara Bank anticipates a strong FY27. Margins are stable, and asset quality remains robust. The bank can manage upcoming provisioning need...12 May, 2026, 05.00 PM IST
- RBI releases norms for banks holding non financial assetsThe Reserve Bank of India has released new draft rules. Banks can now hold specific non-financial assets only to recover bad loans. These a...06 May, 2026, 12.38 AM IST
- IndusInd is under lens over recovery incidentIndusInd Bank executives are now facing inquiries from law enforcement as two separate incidents of alleged assault by recovery agents over...29 Apr, 2026, 12.37 AM IST
- ED flags Rs 11,600 crore 'proceeds of crime' in RHFL, RCFL probeThe Enforcement Directorate has alleged over ₹11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance...17 Apr, 2026, 09.30 AM IST
- RBI may soon make you wait an hour before your UPI transfers goes throughThe Reserve Bank of India is exploring new measures to curb digital payment fraud. A key proposal suggests a one-hour pause for large trans...09 Apr, 2026, 07.40 PM IST
- Banks write off loans worth Rs 9.75 lakh cr in last 11 yearsThe write off peaked in FY20 at Rs 1.59 lakh crore, and since then it has been declining to Rs 47,568 crore in FY25. Banks have written off...16 Mar, 2026, 06.50 PM IST
- RBI draft norms mandate disclosure, curb harsh loan recovery practicesThe Reserve Bank of India has proposed draft guidelines directing banks and housing finance companies to follow stricter rules while using ...12 Feb, 2026, 07.38 PM IST
- RBI tightens oversight of financial product sales, targets mis-sellingThe Reserve Bank of India is taking significant action by rolling out innovative regulations for banks and lenders. These comprehensive gui...06 Feb, 2026, 01.26 PM IST
- Frame standard protocol for vehicle seizure in case of loan default: RBI to BanksThe Reserve Bank of India and banks are developing a standard procedure for vehicle seizures when borrowers default on loans. This initiati...20 Nov, 2024, 12.13 AM IST
- MNS chief Raj Thackeray urges RBI to set up panel to resolve transporters' woes"The RBI and Centre had issued guidelines to banks asking them to observe leniency in the recovery process in light of the COVID-19 pandemi...22 Jan, 2021, 04.19 PM IST
- No bank has power to employ bouncers to recover loansAnurag Thakur said the RBI has issued 'Guidelines on Fair Practices Code for Lenders' which are required to be adopted by banks, duly appro...01 Jul, 2019, 12.55 PM IST
- Within a year, SBI to hire 3,000 recovery officers againThe country's biggest lender SBI is planning to hire 3,000 marketing and recovery officers in its second such recruitment drive in less tha...23 Jul, 2008, 05.12 PM IST
- RBI guidelines make training mandatory for recovery agentsIt's back to school for loan recovery agents, who now need to complete a certificate course to comply with new guidelines introduced by the...25 Apr, 2008, 02.50 AM IST
- RBI wants training for recovery agentsLike insurance agents, recovery agents, too, will have to undergo compulsory training to be eligible for the job.01 Dec, 2007, 02.29 AM IST
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