DevInc42about 3 hours ago
RBI Bars Device Locking for Loan Recovery
3 min read
The RBI barred banks from disabling borrowers' devices for loan recovery, except for lender-financed gadgets. New rules effective January 1, 2027, require OEM certification, a graduated approach, and ₹250 per hour compensation for wrongful restrictions.
Level
Hype check
Tap to vote and see what everyone thinks.
