#defaulters
RBI: Defaulters’ devices can be locked gradually
India Business News: MUMBAI: RBI has eased its proposed norms on device disablement for EMI-financed gadgets and relaxed disclosure requirements for recovery agents after .
Banks cannot disable mobile phones of defaulting borrowers: RBI proposal
The Reserve Bank of India on Wednesday proposed that banks cannot disable or restrict the mobile phones of defaulting borrowers to recover personal, car, or home loans, as part of efforts to curb aggressive recovery practices.