RBI proposes rules to let lenders disable phones for loan defaults

Kiswahili

The Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters on devices financed by the loan. The restrictions are set to take effect in October 2026 under strict oversight.

The proposal requires a graduated approach that excludes essential services from any restrictions. Lenders would need to follow detailed conduct rules during recovery efforts, including mandatory certification for agents and clear data privacy protections for borrowers.

Makala yanayohusiana

CBK headquarters with banner announcing 32 new digital credit provider licenses, officials holding certificates and smartphones.
Picha iliyoundwa na AI

CBK licenses 32 additional digital credit providers

Imeripotiwa na AI Picha iliyoundwa na AI

The Central Bank of Kenya (CBK) has licensed 32 additional Digital Credit Providers (DCPs), bringing the total to 227. CBK issued the announcement on April 14 pursuant to section 59(2) of the CBK Act. The move seeks to ensure adherence to laws protecting customers.

Centre informs Supreme Court of multi-pronged actions to check digital arrest frauds

The Centre has informed the Supreme Court that it is considering multi-pronged actions, including temporary debit holds on suspicious accounts, to combat digital arrest frauds. A status report submitted by Attorney General R Venkataramani details the third meeting of the Inter-Departmental Committee (IDC).

Sebi proposes easing securitisation norms to align with RBI rules

Imeripotiwa na AI

India's markets regulator Sebi has proposed relaxing securitisation norms to match Reserve Bank of India regulations. The changes include easing the 25% single borrower exposure cap and shifting disclosure duties to servicers.

Biashara

RBI rejects banks' request to stagger Q4 treasury losses

Asia

Major phone carriers to launch ‘Japan Roaming’ for disasters

Afrika

National Bank of Ethiopia restricts digital payments in various apps temporarily

IEBC bans mobile phones in polling stations ahead of February 26 by-elections

The Independent Electoral and Boundaries Commission (IEBC) has announced a ban on mobile phone use inside polling stations ahead of the February 26 by-elections. The decision follows observations that in previous elections, some voters photographed their marked ballots and shared them on social media. The commission states this measure will protect ballot secrecy and ensure a free and fair electoral process.

CRC publishes guidelines for communications service contracts

Imeripotiwa na AI

Colombia's Comisión de Regulación de Comunicaciones (CRC) has adjusted rules for mobile telephony contracts, easing plan cancellations and curbing abusive clauses. Operators must provide dedicated digital channels for terminations and plan changes at no extra cost. The changes aim to safeguard user rights and boost service transparency.

Finance bill 2026 proposes new taxes on mitumba and mobile phones

The Kenyan government has proposed new tax measures on second-hand clothing and mobile phones as part of the Finance Bill 2026. Treasury Cabinet Secretary John Mbadi tabled the bill in Parliament at the end of April.

Ethiopia approves 1.5% telecom revenue levy for rural digital fund

Imeripotiwa na AI

Ethiopia's Council of Ministers has approved a new regulation establishing the Universal Access Fund, funded by a 1.5% levy on telecom operators' annual gross revenue to connect rural areas. This policy aims to advance the country's digital economy goals. The Ethiopian Communications Authority will manage the fund to address infrastructure gaps in underserved regions.

Jumatano, 20. Mwezi wa tano 2026, 14:21:03

Bancolombia centralizes security options in Mi Bancolombia app

Jumapili, 17. Mwezi wa tano 2026, 07:56:23

Bengaluru police return 692 recovered mobile phones to owners

Jumatatu, 4. Mwezi wa tano 2026, 13:44:45

Japan eyes digital applications for emergency welfare loans from fiscal 2028

Jumatatu, 20. Mwezi wa nne 2026, 05:08:22

Delhi police to target mobile theft network across all layers

Jumatano, 8. Mwezi wa nne 2026, 15:40:23

CBE bars credit facilities for unregistered entities

Jumanne, 7. Mwezi wa nne 2026, 08:41:34

Supreme Court: Borrowers can't seek personal hearing before fraud declaration

Jumatatu, 30. Mwezi wa tatu 2026, 05:06:32

IT ministry proposes new rules for social media news content

Jumamosi, 28. Mwezi wa tatu 2026, 00:30:06

RBI imposes $100 million daily cap on banks' rupee open positions amid Iran war pressures

Alhamisi, 19. Mwezi wa tatu 2026, 17:04:14

High Court bars telcos from reassigning phone numbers

Alhamisi, 5. Mwezi wa tatu 2026, 18:35:10

Hustler Fund to trace defaulters using national ID records

 

 

 

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