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BUSINESS
ANDHRA PRADESH
RB\ 1: Have banks seized your property for non-payment of loan? This is no longer the case... new RBI rules. .
The RBI has issued clear guidelines to banks regarding collateralisation of assets when an account holder defaults on a loan. Subject to these rules, banks are required to auction and sell the assets of the account holder. Also, there are a
Pulse Bharat · Why it matters
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Banks will no longer seize properties without following RBI guidelines, protecting account holders from arbitrary asset confiscation and ensuring due process is followed.