Tag: RBI device lock

RBI’s Expected Guidelines Validate Datacultr’s Consent-Driven Digital-First Approach

Sep 30, 2025

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by

Ekta Singh

in Device Financing, Device Lock, Skip Tracing, Risk Management, Collection Strategy, Tablet Financing

Multiple credible reports indicate the Reserve Bank of India (RBI) is considering a proposal that could allow lenders to remotely lock borrowers’ phones in cases of small ticket loan default on the device. Importantly, this would be done with adequate customer safeguards: borrower consent, transparent communication, and strong data protection measures. At Datacultr, we’ve worked…