Banks Can’t Disable Mobile Phones Of Defaulting Borrowers: RBI Proposal

A bank will be allowed to restrict or disable functionalities of a defaulting borrower's mobile device, provided the device is financed by the lender.

avianscape.enterprises@gmail.com May 20, 2026 1 minute read

A bank will be allowed to restrict or disable functionalities of a defaulting borrower’s mobile device, provided the device is financed by the lender.

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