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RBI Directs Loan Recovery Agents Not To Intimidate Borrowers, No Calling Before 8Am & After 7Pm

Business oi-PTI | Published: Saturday, August 13, 2022, 9:05 [IST] The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it …

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RBI directs loan recovery agents not to intimidate borrowers, no calling before 8am & after 7pm

MUMBAI: The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it has observed that recovery agents are deviating from its …

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RBI directs loan recovery agents not to intimidate borrowers, no calling before 8am & after 7pm

The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it has observed that recovery agents are deviating …

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