Banks Can't Disable Mobile Phones Of Defaulting Borrowers: RBI Proposal - News Tags

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Thursday, May 21, 2026

Banks Can't Disable Mobile Phones Of Defaulting Borrowers: RBI Proposal

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A bank will be allowed to restrict or disable functionalities of a defaulting borrower's mobile device, provided the device is financed by the lender.

from May 20, 2026 at 11:19PM
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