The Reserve Bank of India (RBI) guidelines on having a bank approved policy on recovery agents will now come into effect from January 1, 2027 giving banks and other regulated entities more time to modify systems, workflows and train recovery agents. Entities newly brought under the mandatory certification requirement will get an additional one year from the effective date for their existing recovery agents to obtain certification. The rules do not pertain to use coercive method for recovery, detailed guidelines of which were issued earlier this year.