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

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