Business News | RBI’s Proposed Norm to Disable Phone Service of Loan Defaulters Will Ease Lender Concerns and Support Growth: ICEA | LatestLY
New Delhi [India], May 22 (ANI): The Reserve Bank of India's proposed draft framework allowing lenders to disable certain smartphone services in case of loan defaults is expected to ease concerns among banks and non-banking financial companies (NBFCs), revive financing in the entry-level segment and support growth in the smartphone industry, India Cellular and Electronics Association Chairman Pankaj Mohindroo told…
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