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image of an Indian bank customer using a smartphone while discussing RBI's new borrower protection rules with a bank representative, highlighting safe and fair loan recovery practices.
image of an Indian bank customer using a smartphone while discussing RBI's new borrower protection rules with a bank representative, highlighting safe and fair loan recovery practices.
Key Highlights The Reserve Bank of India has announced major reforms to loan recovery practices aimed at improving borrower protection, transparency and accountability. Under the new framework, effective October 1, 2026, banks will be allowed to appoint only those recovery agents who have completed certified training through the Indian Institute...
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