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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.
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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