India is one of the biggest smartphone markets in the world. The country ranks second in terms of shipment volumes and, in fact, accounted for around 15.5 per cent of global shipments after China. People here are buying smartphones across all price segments, with many getting their hands on the latest gadgets by paying through EMIs. Companies also offer big discounts on these plans. However, this has also led to a rise in bad loans. Now, the Reserve Bank of India (RBI) is considering a new rule that could allow lenders to remotely lock mobile phones purchased on credit if borrowe
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