RBI Annuls Registration Certificates Of NBFCs Kudos Finance & Credit Gate
A week after ban on Chinese lending apps, the RBI has now cancelled the registration of two NBFCs for allegedly harassing borrowers.
Source: inc42.com
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RBI Advises REs To Strictly Ensure Their Agents D Not Intimidate For Debt Collection
Reserve Bank said it has observed that recovery agents are deviating from its instructions with regard to the recovery of loans, , reserve bank of india
Source: businessworld.in
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.
Source: dnaindia.com
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.
Source: indiatvnews.com
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.
Source: indiatvnews.com