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RBI Introduces New Rules: Jail for Loan Recovery Agents Harassing Borrowers
Summary by thehindustangazette.com
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RBI Introduces New Rules: Jail for Loan Recovery Agents Harassing Borrowers
New Delhi: The Reserve Bank of India (RBI) has taken a strong step to protect borrowers from harassment by loan recovery agents. On February 12, 2026, RBI issued important revised guidelines to make the loan recovery process more transparent and respectful. As per the new rules, which will come into effect from July 1, 2026, banks will no longer be allowed to appoint recovery agents without proper certification. Recovery agents must now complete…
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