Serious Question to central government- why does @RBI exist if these criminals appointed as recovery agents have no fear of rules and regulations @PMOIndia@FinMinIndia ?
Just see the messages from a loan recovery agent to a pregnant lady!! Unbelievable!
These criminals should be arrested alongwith their bosses. Set an example @KarnatakaCops@CMofKarnataka@CPBlr@NCWIndia
A LOAN DEFAULT DOES NOT TAKE AWAY A PERSON’S RIGHT TO LIFE, DIGNITY AND PRIVACY.
Threats, public humiliation, abusive calls, contacting relatives or employers to shame borrowers, and threatening to circulate photographs are unacceptable methods of debt recovery.
A banking licence or NBFC registration is permission to conduct financial business but it is not a permission to intimidate people. Outsourcing recovery does not remove the lender’s responsibility.
@RBI@FinMinIndia@DFS_India@GoI_MeitY@Cyberdost@GoogleIndia@dir_ed@pmo
I demand urgent, coordinated action:
1. Remove illegal and abusive lending apps. Authorities must urgently audit digital lending platforms and require Google Play and other app stores to immediately suspend or remove unauthorised, impersonating, data-stealing and otherwise non-compliant loan apps, following the applicable legal process. Preserve their records and developer identities for investigation. Prevent the same operators from returning under new names.
2. Investigate the lender behind every app. Verify RBI registration, platform partnerships, actual beneficial ownership, sources of funds, repayment accounts and overseas transactions. Where evidence indicates violations, initiate proceedings under the applicable financial, criminal and foreign-exchange laws.
3. Enforce strict recovery standards across ALL banks and NBFCs. This must include large lenders such as Bajaj Finance and Shriram Finance. Complaints against their recovery personnel must receive the same independent scrutiny as complaints against smaller app lenders. Every allegation must be investigated on evidence, irrespective of the institution’s size or reputation.
4. Stop harassment immediately. RBI’s recovery safeguards prohibit intimidation, public humiliation, threatening or anonymous calls and persistent calling. For covered overdue-loan recovery, calls before 8 a.m. or after 7 p.m. are prohibited. Calling within permitted hours does not make abusive conduct lawful.
5. Make accountability real. Require identifiable agents, verifiable authorisation, preserved call recordings, effective supervision and prompt disciplinary action. Investigate the role of managers and agencies where evidence shows that they directed, encouraged or knowingly permitted abuse.
6. Break the debt trap. Enforce clear disclosure of the annual percentage rate, deductions, repayment obligations and penalties. Investigate concealed charges and repeated refinancing. Introduce effective limits on total borrowing costs and accessible, affordable repayment arrangements for borrowers facing genuine hardship.
7. Investigate every death allegedly linked to coercive recovery. Preserve messages, recordings, payment trails and agency instructions. Determine individual and institutional responsibility through an independent investigation, and prosecute wherever the evidence establishes an offence.
IF YOU ARE FACING HARASSMENT:
1. Preserve screenshots, recordings, loan documents, bank entries, telephone numbers and payment demands. Do not delete evidence.
2. Complain in writing to both the actual lender and the app/platform. Demand that harassment stop, the recovery agency be identified and your account statement be supplied.
3. Report threats, blackmail, morphed images and cybercrime immediately at https://t.co/equZwviKUp and to the police. For financial cyberfraud, call 1930 promptly. You do not have to wait 30 days to report a crime.
4. Escalate eligible complaints at https://t.co/KBMhBWqxdr after an unsatisfactory lender response, or no response within 30 days, subject to the applicable complaint rules.
5. Verify repayment instructions with the lender. Never transfer money to an agent’s personal account merely because you are threatened.
6. Seek a written repayment arrangement. Avoid taking another costly app loan simply to silence a collector. Filing a complaint does not itself cancel a valid debt.
To every distressed borrower: financial difficulty is not a loss of dignity. Tell someone you trust, seek support and pursue legal protection. Your life matters far more than any loan.
Enforce lawful recovery. Stop financial intimidation. Protect lives.
V. Ravikrishna
Advocate
#StopLoanHarassment #BorrowerRights #ResponsibleLending #DigitalLending #FinancialConsumerProtection
Urgent help needed! Recovery agents from @YESBANK visited my house, harassed my family, and publicly shamed us in front of neighbors. This violates @RBI fair practice guidelines! Request immediate action & investigation.
Name- Shreekanth
Credit card: [Last 4 digits 1287)
अगर आपका Bank Account आपके smart phone से लिंक है,
तो यह जानकारी आप सभी को होना चाहिए,
परसों मेट्रो स्टेशन की भीड़ में मेरा ₹60,000 का फोन चोरी हो गया,
मुझे लगा Face ID और मजबूत PIN Lock की वजह से मेरा Bank Account पूरी तरह सेफ है,
सिर्फ फोन reset करके ही मार्केट में बेच पाएगा,
लेकिन ठीक 45 मिनट बाद जब मैंने लैपटॉप पर अपनी Net Banking चेक की,
तो मे हैरान हो गया किसी ने बिना screen lock खोले और बिना किसी OTP के मेरे acount से ₹57,000 साफ कर दिए थे,
मे सोच मे पड़ गया जो फोन पूरी तरह lock था,
उसके Apps का पासवर्ड सिर्फ मुझे पता था,
तो मेरे साथ यह froud कैसे हुआ ?
शाम को Cyber expert ने जो नया Scam समझाया,
उसने मेरी सोच बदल दी hacker ने आपके स्मार्टफोन को हाथ भी नहीं लगाया था,
उन्होंने एक ऐसी Setting का फायदा उठाया जो आपके फोन में बंद हे,
अपना Bank Account खाली होने से बचाना है तो तुरंत अपने फोन में यह सीक्रेट Setting चालू कर लो.. 2/1👇
थ्रेड
This is a massive violation of European emission standards
I doubt Elon Musk bought carbon credits to offset this environmental disaster he just caused
The EU will be issuing a €300 million fine
I hate to be the one to burst the Tesla bubble today, but the spectacular “flight” we witnessed at the Roadster reveal needs a little context. The car is carrying around 250kg of compressed air, plus the weight of the tanks, valves and thrusters needed to contain and release it.
Based on the published figures, that gives it roughly 1.5–2 seconds of maximum thrust before the system needs to be refilled.
In short, it's a gimmick.
A woman in RK Puram, Sainikpuri (Hyderabad) was arrested after allegedly dumping fish waste from her first floor onto an annaprasadam distribution site during Durga festival events.
I'm not an Elon hater.
I'm just telling you the Honest Truth:
This is a marketing stunt.
The technology is quite old.
Just nobody ever thought of bolting it on a car.
Because it's pointless.
Porsche or Ferrari could also build something like this if they wanted, but they don't, because it's not worth it for them.
It's worth it for Elon though, because his entire brand is all about having the halo of futurism.
His marketing scales especially well with tech gimmicks like this, which is why he is financially incentivised to do them, while others aren't.
Again, I'm not hating, but actually educating yall.
This is not engineering genius.
It's marketing genius.
Problem is not in holding the Tiranga. Problem is in who is actually holding it. Kasab doesn't become a nationalist just by waving the Tiranga.
- Ranganathan Madhavan 🙏