RBI Hits Snooze on Loan Recovery Rules Until 2027

Finance

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RBI Hits Snooze on Loan Recovery Rules Until 2027

So, the RBI just hit the pause button on loan recovery rules, pushing the deadline to 2027. Recovery agents get a bonus year to get their act together, but new ones? Nope, no shortcuts allowed. If you’re late on payments, chill for a bit — they won’t snatch your phone right away. Just a little patience, folks!