RBI proposes rules to let lenders disable phones for loan defaults

Yorùbá

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.

Awọn iroyin ti o ni ibatan

CBK headquarters with banner announcing 32 new digital credit provider licenses, officials holding certificates and smartphones.
Àwòrán tí AI ṣe

CBK licenses 32 additional digital credit providers

Ti AI ṣe iroyin Àwòrán tí AI ṣe

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

Ti AI ṣe iroyin

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.

Iṣowo

RBI rejects banks' request to stagger Q4 treasury losses

Asia

Major phone carriers to launch ‘Japan Roaming’ for disasters

Áfríkà

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

Ti AI ṣe iroyin

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

Ti AI ṣe iroyin

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.

May 20, 2026 14:21

Bancolombia centralizes security options in Mi Bancolombia app

May 17, 2026 07:56

Bengaluru police return 692 recovered mobile phones to owners

May 04, 2026 13:44

Japan eyes digital applications for emergency welfare loans from fiscal 2028

April 20, 2026 05:08

Delhi police to target mobile theft network across all layers

April 08, 2026 15:40

CBE bars credit facilities for unregistered entities

April 07, 2026 08:41

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

March 30, 2026 05:06

IT ministry proposes new rules for social media news content

March 28, 2026 00:30

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

March 19, 2026 17:04

High Court bars telcos from reassigning phone numbers

March 05, 2026 18:35

Hustler Fund to trace defaulters using national ID records

 

 

 

Ojú-ìwé yìí nlo kuki

A nlo kuki fun itupalẹ lati mu ilọsiwaju wa. Ka ìlànà àṣírí wa fun alaye siwaju sii.
Kọ