Kapil Bansal

👨‍💻 Software Development Engineer @Amazon

🥇 GSoC 2021 Student Developer @openWISP

💎 OS Leader @AnitaBorg_India

👨‍🦱 He/Him

[Kapil Bansal @devkapilbansal]

Excited to announce that my application for #GSOC 2021 has been selected with @openWISP .

I would like to thanks all who motivated and helped me to contribute @darecoder

[कुंभकरण @_kumbhkaran]

BREAKING 🚨

A massive fintech investor crisis is unfolding in India.

Two FIRs have now been registered from Varthur, Bengaluru against MobiKwik Xtra & Lendbox (Transactree) over allegations of blocked investor funds, misleading investment claims, and irregularities in the P2P lending structure.

Thousands of retail investors across India claim they were sold MobiKwik Xtra as a safe, RBI-regulated, “FD-like” investment product with:
• “Withdraw Anytime”
• “100% Liquidity”
• “No Questions Asked”
• “Up to 12–14% Returns”

Then suddenly after RBI’s August 2024 P2P changes, withdrawals were frozen overnight.

Now investors allege:
• ~30%+ avg money still stuck of all investors (How is it possible for all lenders? That much consistency seems totally made up story)
• repayment schedules collapsing
• borrower data discrepancies
• missing transparency
• funds allegedly deployed without explicit lender approval

Despite this ongoing crisis, another frontend brand “Perannum” continues operating and marketing itself as RBI-regulated — while internally disclaiming that RBI does not guarantee correctness of data or repayment safety.

Then what exactly does “RBI regulated” mean for ordinary Indians?

How can thousands of investors suffer while the system stays silent?

More than 800 affected investors have already united online. Many are retired pensioners, middle-class families, salaried employees and small savers who invested their life savings believing these fintech platforms were trustworthy.

Reported figures from the MobiKwik Lendbox community tracker website already show:
• ₹26+ crore invested
• ₹7.7+ crore outstanding
• 500+ registered victims
• ~31% average outstanding losses

And investors believe the real scale could be far bigger.

Cyber complaints, FIRs, legal notices, consumer cases ,EOW complaints and writ petitions are now rapidly increasing across India.

At this point people are not only losing money — they are losing faith in India’s financial oversight and justice system.

If ordinary citizens cannot be protected from powerful fintech giants using RBI branding, aggressive advertising and hidden risk structures, then what kind of financial system are we building?

[Kapil Bansal @devkapilbansal]

@INCKerala See the GDP growth percentage as well

[Kapil Bansal @devkapilbansal]

@Jairam_Ramesh I believe you missed Maths classes in school

[Rajat Khandelwal @Singlejivi]

@RBI Perannum - lendbox is claiming 40-50% interest and 100% success rate and Rbi regulated but their previous investors of mobikwik xtra's 31% average principal is still stuck. What's going on? U can track on the Mobikwik lendbox xtra issue tracker
https://t.co/4YfBLUKBTS

[हर्ष वर्धन त्रिपाठी 🇮🇳Harsh Vardhan Tripathi @MediaHarshVT]

सिर्फ #IAS #IPS हर विभाग को अच्छे से चला सकते हैं, इस विचार से आगे बढ़ने की आवश्यकता है। मोदी सरकार ने लैटरल एंट्री के जरिये यह शुरू भी किया, लेकिन ठंडे बस्ते में जाता दिख रहा है। अब #CAPF में ऊपर के पदों पर #IPS ही क्यों बैठना चाहिए। उस कैडर से ऊपर आने वाले बेहतर तरीके से विभाग चला सकेंगे। अस्थायी तौर पर आने वाला अधिकारी सिर्फ अधिकार के लिए आएगा, उसमें कर्तव्य बोध कितना होगा?

[Kapil Bansal @devkapilbansal]

Your worst CX and no options to contact customer care agent is making the situation more worse

[Kapil Bansal @devkapilbansal]

Hi @harshamjty @Swiggy @SwiggyCares
I placed an order from Swiggy today with Order Id:- 232784577058703

I didn't get the full invoice for this order. Items are missing from the bill that I received on the mail.
I had discussion with the customer support on Swiggy Cares

[Kapil Bansal @devkapilbansal]

I am getting this response from your team
"Upon careful review, we would like to inform you that we can only provide the invoice for the amount billed through Swiggy, which you already have. "

Although I confirmed multiple times that all items are ordered from Swiggy only

[Kapil Bansal @devkapilbansal]

@IamAroke To write the leftover 20% of it that AI failed to write for you

[Kapil Bansal @devkapilbansal]

@VineshApp @trunicle Go to ISKCON, they welcome everyone

[Kapil Bansal @devkapilbansal]

@JiniS57218 @eye_conquest @AmbedkariteLM For the first time in my life I read this interesting story and heard that Chanakya was imaginary. Interesting script, kindly tell us more about it

[Kapil Bansal @devkapilbansal]

@RamSevak656336 @SabitaShailend1 In most of the temples, any person irrespective of the caste or any discrimination is allowed given that the person follows all rules and regulations

[Kapil Bansal @devkapilbansal]

@jazzyrampras @MeghUpdates Honoring a guest vs treating a trespasser, there is a difference.

[Kapil Bansal @devkapilbansal]

@Connect2Tanisha @UnreservedMERIT By this logic, every invader who comes to India is also wrong. India should not maintain good relations with British or America as well. What a non-sense logic altogether

[Kapil Bansal @devkapilbansal]

@dudexverse Don't know how many people have actually read Mahabharata, but Eklavya was not denied education from Dronacharya due to low caste 🙃

[Kapil Bansal @devkapilbansal]

I want to understand if I need to negotiate with the driver when I am with family members, then what's the benefit of using Uber? There is no option for these complaints on Uber app as well, it only gives an option to cancel snd nothing else

[Kapil Bansal @devkapilbansal]

Hi @Uber_Support @UberIN_Support
I booked a ride from Chattikara to Badarpur Border toll booth.
After making us wait for around 15-20 mins, driver start asking for 350 rupees extra just after keeping all luggage in the car.
He says that toll is also not included etc.

[Rajat Khandelwal @Singlejivi]

Dear @raghav_chadha ji,

We, a collective of over thousands of retail investors, are facing a massive financial scam by MobiKwik Xtra & their partner Lendbox (Transactree), and we desperately need your intervention. Our hard-earned principal amounts, with some investors losing up to more than ₹10 Lakh, have been completely blocked.

Last year, our funds were suddenly frozen, with the companies citing a retrospective application of the RBI Master Direction (Aug 16, 2024) to justify blocking "any-time withdrawals" that were promised. This is a clear breach of trust.

We have followed all legal channels (RBI, SFIO, ED, CBI), but the companies remain defiant, constantly deflecting our requests and failing to provide basic transparency. Despite multiple formal demands, they refuse to disclose the full NPA list, executed loan agreements, or IP addresses of the alleged defaulting borrowers—a direct violation of RBI 2024 transparency guidelines. We have tried everything, but they think we can't do anything. No media is reporting our issue.

Sir, on the back of your successful fight for gig workers, we are certain you will raise our issue and help us. Please intervene immediately to ensure the return of our principal. We are waiting.

#MobikwikHamaraPesaWapisKar #LendboxScam @MobiKwik
@MobiKwikSWAT
@lendboxin

[Kapil Bansal @devkapilbansal]

@syedfaisal134 @Aaryan1440034 @Hinduism_sci @grok Yes God is one, but it is mentioned everywhere that it is not formless.
There is one supreme being and Every God/Demigod that we see/worship are a parts of that supreme being

[Kapil Bansal @devkapilbansal]

@syedfaisal134 @Aaryan1440034 @Hinduism_sci @grok Partial knowledge is always dangerous.
Sanatana is not way of life. They are the core duties that every living entity is expected to follow.

Yes, hinduism is a word later introduced. But if you go via scriptures, then you will find the concept of God.
....