WATCH OUT: Your phone can be blocked if you fail to repay EMI
STC NEWS MONITORING DESKSRINAGAR, SEPTEMBER 12 (STC): Owing to rising levels of bad loans in consumer loan segment, the Reserve Bank of India (RBI) is considering new rules that would allow banks / Financial Institutions to remotely lock mobile phones purchased on credit if borrowers default in their EMI payments.Under the new guidelines, banks and…

