✅ Advantages of DRA (Debt Recovery Agent) Registration DRA registration grants legal permission and professional trust to engage with banks and NBFCs according to RBI regulations. 🌟 Main Advantages of DRA Registration ⚖️ Legal Permission Operate legally as a recovery agent Recovery actions that meet RBI standards Safeguard against legal problems if regulations are adhered […]
DRA Registration (Debt Recovery Agent) – Comprehensive Guide (India) According to RBI guidelines, DRA Registration is compulsory for persons or organizations involved in recovering loans for banks and NBFCs. ✅ What does DRA stand for? A Debt Recovery Agent (DRA) is permitted to collect outstanding payments for: Financial institutions NBFCs Monetary Entities Only DRAs certified […]