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Digital locking of phones under examination

Business Standard

|

October 02, 2025

The RBI on Wednesday announced that digital locking of a phone was under examination for missing repaying loan instalments.

- AATHIRA VARIER

Responding to a question on locking of phones for default in repayment of loans, Malhotra said that currently phones could not be locked for missing repaying loan instalments such as in cases of housing, auto or other loans. However, there are discussions going

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