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

Citizens registering mobile phones with the regulatory commission for the extended December deadline.
Picha iliyoundwa na AI

Government extends deadline for cell phone line registration until December

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The Telecommunications Regulatory Commission announced an extension for the mandatory registration of mobile lines, with new deadlines based on the last digit of the number.

RBI bars banks and NBFCs from reselling stressed assets

The Reserve Bank of India has introduced new prudential norms that will bar lenders from selling acquired stressed assets back to defaulting borrowers or related parties. The rules apply to banks, small finance banks, and non-banking financial companies from October 2026.

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

Imeripotiwa na AI

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).

Asia

Bengaluru police return 692 recovered mobile phones to owners

India

RBI Governor urges banks to partner with MSMEs

Asia

Centre orders blocking of battery management apps

RBI proposes unified code for foreign investment in equity instruments

The Reserve Bank of India has put forward draft rules to create a single framework for overseas investments in Indian equity instruments. The new norms are designed to replace the current set of regulations on foreign fund flows.

RBI forms committee to study quantum technology in finance

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The Reserve Bank of India has established an eight-member panel to examine quantum technology applications in the financial sector. The group is tasked with evaluating both potential benefits and associated risks over the coming months.

Maharashtra begins rollout of farmer loan waiver scheme

The Maharashtra government started distributing benefits under the Punyashlok Ahilyadevi Holkar Shetkari Karjamukti Scheme on July 23, 2025, with the first 500 beneficiaries announced from six districts.

Indian banks plan RFPs for cash recycler ATMs

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More than 15,000 ATM units in India are expected to feature in requests for proposals for cash recyclers. Nearly 77 percent of these belong to public sector banks.

Ijumaa, 10. Mwezi wa saba 2026, 14:06:57

SEBI to allow mutual funds intraday borrowing from September

Alhamisi, 9. Mwezi wa saba 2026, 19:45:42

Government investigates ban on telephone sales

Alhamisi, 2. Mwezi wa saba 2026, 18:09:05

New RBI rules require full collateral for bank guarantees

Jumatatu, 29. Mwezi wa sita 2026, 03:36:30

New FI advice tightens credit checks for online shopping

Jumapili, 21. Mwezi wa sita 2026, 16:24:59

FCC robocall rule could heighten crypto account risks

Jumapili, 31. Mwezi wa tano 2026, 15:44:17

Indian banks seek rbi easing of guarantee curbs for nri funds

Ijumaa, 29. Mwezi wa tano 2026, 20:15:24

Sebi relaxes nomination rules for demat accounts and mutual funds

Ijumaa, 29. Mwezi wa tano 2026, 19:27:18

RBI plans CBDC pilot expansion for cross-border use

Jumatatu, 4. Mwezi wa tano 2026, 22:48:37

Sebi proposes easing securitisation norms to align with RBI rules

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

Japan eyes digital applications for emergency welfare loans from fiscal 2028

 

 

 

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