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Articles Tagged: Recovery Agents

Browse 10 articles related to Recovery Agents

When Borrowers Reach a Breaking Point: Banks and NBFCs Under the Lens
Debt Resolution
5 min read

When Borrowers Reach a Breaking Point: Banks and NBFCs Under the Lens

India is a land of vibrant colors, where dreams are as big as the hearts that carry them. However, a growing menace is spreading across the country like a plague. It’s an old story with a new technological twist. The cost of debt, dreams, and desperation is sometimes paid with people’s lives. Delving into the recovery sector in India is like navigating rough waters, but I invite you to take a plunge to truly understand the agony of borrowers and the people affected by this crisis.

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Horrors of Recovery Practices in India – Case Study
Stop Recovery Agent Harassment
4 min read

Horrors of Recovery Practices in India – Case Study

India’s legal landscape has witnessed pivotal cases that challenge unethical loan recovery practices, highlighting the imbalance between lenders’ rights and borrowers’ dignity. Loan recovery agents, often acting on behalf of lenders, have been notorious for using intimidation tactics such as public shaming, threats of violence, and harassment of family members to recover debts.

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Understanding the Role of Technology in Promoting Illegal and Unethical Recovery Practices
Stop Recovery Agent Harassment
4 min read

Understanding the Role of Technology in Promoting Illegal and Unethical Recovery Practices

The arrival of technological advancements in the Indian economy has opened doors to many opportunities across various sectors, but it has also presented numerous challenges. Like two sides of the same coin, technology is both a bane and a boon for our country. With the advent of technology, cybercrime and harassment have surged on digital platforms.

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Unlocking Fair Debt Practices: What RBI Says About Recovery Agents and Borrowers’ Rights
Stop Recovery Agent Harassment
3 min read

Unlocking Fair Debt Practices: What RBI Says About Recovery Agents and Borrowers’ Rights

The journey of borrowing and repaying loans can sometimes take unexpected turns, especially when financial challenges arise. To protect borrowers from unfair treatment, the Reserve Bank of India (RBI) has laid down comprehensive guidelines concerning the practices of recovery agents. Let’s delve into these guidelines and understand how they safeguard the rights of borrowers.

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