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No More Threat Calls? RBI’s Big Move To Protect Borrowers Explained | Loan Recovery Shockwave!
The Reserve Bank of India has proposed a stricter framework for loan recovery agents, aiming to curb intimidation, harassment, and coercive practices allegedly used by some NBFCs and digital lenders. From phone lock threats to aggressive recovery tactics, the RBI’s draft proposal seeks tighter oversight, stronger borrower protection, and ...
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