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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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Loan recovery harassment? Know your legal rights

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised visits, despite RBI rules prohibiting such practices. Experts say many borrowers are unaware of their rights and grievance mechanisms. RBI guidelines allow complaints against harassment and provide borrower protections, while debt restructuring and one-time settlements can help resolve repayment difficulties and reduce financial stress.

1 Jun 2026 6:30 am