Key Points
New Delhi [India], December 11 (ANI): The Reserve Bank of India (RBI) has raised concerns over unauthorized campaigns misleading borrowers with promises of loan waivers...
According to RBI, these deceptive entities are actively promoting their campaigns through print media and various social media platforms, targeting unsuspecting individuals seeking financial relief...
Reports indicate that these entities are charging unsuspecting borrowers a service or legal fee under the guise of issuing debt waiver certificates, despite lacking any legal authority to do so...
Recognizing the potential harm caused by such activities, the central bank encourages the public to report any incidents related to these deceptive campaigns to law enforcement agencies...
As the authorities crack down on these unauthorized campaigns, it serves as a reminder for the public to remain vigilant and report any suspicious activities to prevent financial losses and uphold the stability of the banking sector..
