RBI Tightens Loan Recovery Rules, Seeks Civil Behaviour From Agents
RBI Tightens Loan Recovery Rules, Seeks Civil Behaviour From Agents
2 months ago
abplive.com
The Reserve Bank of India (RBI) has issued guidelines to regulate the conduct of loan recovery agents to ensure fair practices in the loan recovery process. The procedures and conduct for loan recovery agents during home visits are often governed by laws and regulations to ensure ethical practices and protect the borrower's rights. Here's a general outline: 1. Legal and Ethical Guidelines Identification: Agents must carry proper identification and authorization from the lender. Timing: Visits sh
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