• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

RBI Issues Warning On Ads Offering Loan Waivers

OMMCOM NEWS by OMMCOM NEWS
December 11, 2023
in Business
RBI

Mumbai: The Reserve Bank of India (RBI) on Monday issued a warning on misleading advertisements enticing borrowers by offering loan waivers.

There are reports of such entities charging a service/legal fee for issuing ‘debt waiver certificates’ without any authority.

These entities seem to be actively promoting many such campaigns in the print media as well as social media platforms, the RBI said.

Members of the public are cautioned not to fall prey to such false and misleading campaigns and report such incidents to law enforcement agencies, the central bank stated.

“It has also come to our notice that in certain locations, campaigns are being run by a few persons, which undermine the efforts of Banks in enforcing their rights over the securities charged to the Banks. Such entities are misrepresenting that dues to financial institutions including banks need not be repaid.

“Such activities undermine the stability of financial institutions and, above all, the interest of the depositors. It may also be noted that associating with such entities can result in direct financial losses,” the RBI statement added.

 (IANS)

ShareTweetSendSharePinShareSend
Previous Post

Sensex Smashes Past Historic 70,000 Mark In Morning Trade

Next Post

More Households Expect Higher Inflation Ahead: RBI Survey

Related Posts

Business

India Inc Posts Stable Q4 Performance Amid Global Headwinds: Report

June 2, 2025
Indian stock markets
Business

Markets Bounce Back After Early Slump, End Slightly Lower

June 2, 2025
Business

Centre Launches New Scheme To Make India Global Hub For Making Electric Cars

June 2, 2025
Business

India’s Aviation Sector Storms Into World’s Top 3 Markets, Creates 7.7 Million Jobs

June 2, 2025
RBI
Business

RBI May Go For 50 Bps Jumbo Rate Cut To Counter Uncertainty: SBI Report

June 2, 2025
SENSEX
Business

Indian Stock Market Sees Over Rs 30,000 Crore Foreign Investments In May

June 2, 2025
Next Post
inflation

More Households Expect Higher Inflation Ahead: RBI Survey

Paradip Port: Coast Guard Divers Search For Cocaine Suspected To Have Been Thrown Into Sea From Ship

RBI

Consumer Confidence Stays Stable In RBI Survey Across 19 Major Cities

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.