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

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

Updated: 13 Aug 2022, 10:27 AM IST
TL;DR.
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 instructions with regard to the recovery of loans.
On Wednesday, the Reserve Bank of India (RBI) announced it had cancelled the banking licence of the beleaguered Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate the bank (HT FILE PHOTO)

On Wednesday, the Reserve Bank of India (RBI) announced it had cancelled the banking licence of the beleaguered Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate the bank (HT FILE PHOTO)