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What RBI said on behaviour of loan recovery agents: Check restrictions on timings, other details

The RBI observed rising complaints and incidents of unacceptable behaviour by Recovery Agents when reaching out to borrowers. ....

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Don't intimidate borrowers, no calling before 8 am & after 7 pm, RBI directs loan recovery agents

RBI to borrowing agents: It is advised that the REs (regulated entities) shall strictly ensure that they or their agents do not resort to intimidation or harassment of any kind, either verbal or physical, against any person in their debt collection efforts, the RBI said in a notification. ....

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Registration of 5 NBFCs cancelled by RBI, Check list

The Reserve Bank of India has cancelled the Certificate of Registration (CoR) of five Non-Banking Financial Companies (NBFCs). The five NBFCs are UMB Securities Ltd, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services. ....

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RBI cancels registrations of five NBFCs for predatory lending practices

RBI cancelled the Certificate of Registration (CoR) issued to 5 Non-Banking Financial Companies (NBFCs) for irregular lending practices. ....

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RBI Cancels Registration of 5 NBFCs for Violation of Lending Norms

The non-bank lenders whose registrations were cancelled by the RBI include UMB Securities, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services. ....

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