The Reserve Bank of India has proposed draft guidelines directing banks and housing finance companies to follow stricter rules while using recovery agents. Banks must give borrowers written details of assigned agents, avoid setting targets that may lead to harsh practices, and not engage agents if a grievance is already filed.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs
October 24, 2026