14-February-2026
Banking
 
No more harassment calls for loan recovery? RBI to bring tough framework from July 1, 2026
13-Feb-2026

The Reserve Bank of India (RBI) is set to tighten the rules on how banks recover loans from borrowers and use recovery agents. The central bank has issued a draft called RBI (Commercial Banks - Responsible Business Conduct) Second Amendment Directions, 2026, which focus on borrower protection, transparency, and preventing harassment during loan recovery. The draft came after Finance Minister Nirmala Sitharaman announced the expected reforms in loan recovery during her Budget 2026 speech early this month.

News Source:- https://economictimes.indiatimes.com/wealth/borrow/explicit-ban-on-harassment-rbi-outlines-tough-loan-recovery-norms-in-draft-focusing-on-customer-protection/articleshow/128260176.cms
 
 
 

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