Kalam Times

RBI's new rules on loan recovery: Banks will pay a penalty of Rs 250 per hour for misbehavior.

The RBI has issued new rules for loan recovery. From January 1, 2027, recovery agents will be prohibited from harassing borrowers. Banks will be required to pay a compensation of 250 if there is a delay in unlocking a mobile phone after repaying a mobile loan.RBI's big relief to borrowersIf you hav...