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The Supreme Court directed the RBI to ensure banks and NBFCs follow loan recovery rules, saying defaults do not permit lenders to seize vehicles by force. The court said financiers must follow legal means and RBI guidelines while recovering loans and repossessing vehicles.

Read More - https://www.hindustantimes.com/india-news/sc-tells-rbi-to-ensure-banks-follow-rules-on-loan-recovery-vehicle-repossession-101789567274375.html

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