12 Feb 2026 | 5 Mins Read
RBI proposes rules for civil loan recovery agent interactions
Flipitmoney
The Reserve Bank of India issued draft amendment directions on loan recovery and recovery agents, aiming to bring regulated entities under a single set of rules. Key changes include fair borrower treatment, due diligence, agent training, and a uniform code of conduct. A 45-day public comment period ends on March 6, 2026, with the directions set to take effect on July 1, 2026.