Economy

Smartphone to be locked for missed EMI? RBI’s new rules for lenders, defaulting borrowers explained

· 15 August 2026 · 2 min read
Smartphone to be locked for missed EMI? RBI’s new rules for lenders, defaulting borrowers explained

The Times of India has reported a new India-focused economy development: “Smartphone to be locked for missed EMI? RBI’s new rules for lenders, defaulting borrowers explained.” The publisher's feed describes the story as follows: <![CDATA[The Reserve Bank of India (RBI) has laid out some guidelines for lenders on recovery of loans, and whether they can block or lock the device that has been purchased via EMI financing. This new framework will come into effect from January 1, 2027. Intellectual

Original reporting by The Times of IndiaRead the full story

Intellectual Janata displays only original summaries of externally sourced news and links readers to the original publisher.

#economy#india#governance

Related reading

IJP
News Brief
Nifty 50 falls 6.3% in September, worst monthly series in 25 years; what triggered the sell-off?
Economy·Mint·29 Sep 2026

Nifty 50 falls 6.3% in September, worst monthly series in 25 years; what triggered the sell-off?

Read full story →
IJP
News Brief
Nifty 50 down 13.5% in 2026, set for worst year in 15 years: Key factors weighing on market sentiment
Economy·Mint·29 Sep 2026

Nifty 50 down 13.5% in 2026, set for worst year in 15 years: Key factors weighing on market sentiment

Read full story →
IJP
News Brief
India’s economy resilient, but Nifty falls 13% YTD: Why markets and macro are telling different stories
Economy·Mint·29 Sep 2026

India’s economy resilient, but Nifty falls 13% YTD: Why markets and macro are telling different stories

Read full story →
IJP
News Brief
Panel proposes raising RBI's ways and means advances corpus by 11.2% to Rs 67,839 crore
Economy·The Economic Times·29 Sep 2026

Panel proposes raising RBI's ways and means advances corpus by 11.2% to Rs 67,839 crore

Read full story →