News > Companies Can't Harass Any Person, Call At Odd Hours; RBI Issues Circular
Companies Can't Harass Any Person, Call At Odd Hours; RBI Issues Circular
Thenations | 12/08/2022 09:56 PM | Click to read full article
In order to stop harsh recovery methods by lenders through their recovery agents, the Reserve Bank of India (RBI) on Friday said companies need to strictly ensure that they or their agents do not resort to intimidation or harassment against any person in their debt collection efforts.
The RBI has also limited the hours for calling borrowers on phone for recovery of overdue loans between 8 am and 7 pm.