Smartphone to be locked for missed EMI? RBI’s new rules explained
One daysingle sourceOne outlet reported this, once - no second voice in this corpus.
All 1 reports on Sat, 15 August 2026
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Sat, 15 August 2026
1 report- Times of India12:20first to report
The Reserve Bank of India (RBI) has laid out some guidelines for lenders on recovery of loans, and whether they can block or lock the device that has been purchased via EMI financing. This new framework will come into effect from January 1, 2027.