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RBI’s Revised Draft Directions on Recovery Practices — Why Stakeholder Participation Matters Now

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  Published: 21 May 2026 Introduction On May 20, 2026, the Reserve Bank of India (RBI) issued revised draft Amendment Directions relating to the “Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents.” The revised draft directions come after RBI received substantial feedback from stakeholders on the earlier draft released in February 2026. One particular aspect of the revised draft has attracted significant attention across the lending and fintech ecosystem — the possibility of enabling technology-based mechanisms that may restrict or disable certain functionalities of financed mobile devices such as smartphones and tablets in cases of borrower default. The revised draft directions are open for public comments till May 31, 2026. This is not a routine operational change. It represents a potentially major shift in how digital lending recovery practices may evolve in India. Read RBIs Press Release here https://www.rbi.org.in/Scripts/BS_Pre...
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RBI Payment Systems Report Dec 2025 – The Diminishing Joy of Debit Cards

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  Published: 19 May 2026 How many Debit Cards do you hold? When was the last time you swiped your Debit Card or inputted your Debit Card Number? Prologue — RBI’s Big Picture India’s digital payments story is no longer just a technology success story. It is becoming a civilizational shift. The newly released half-yearly Payment Systems Report, December 2025 by the Reserve Bank of India captures this transformation with extraordinary clarity. From UPI dominance and retail payment expansion to cross-border innovation and regulatory modernization, the report reads like a progress report of a nation rapidly moving toward a deeply embedded digital economy. Over the last decade, India’s payment ecosystem has transformed from a largely cash-and-card economy into a real-time digital network powered by smartphones, QR codes, APIs, fintech innovation, and public digital infrastructure. The report notes that payment transaction volumes surged 33 times between 2016 and 2025, while values ...
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