{"id":912033,"date":"2026-06-11T16:13:52","date_gmt":"2026-06-11T21:13:52","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/11\/rbi-cautions-against-misleading-campaigns-promising-loan-waivers\/"},"modified":"2026-06-11T16:13:52","modified_gmt":"2026-06-11T21:13:52","slug":"rbi-cautions-against-misleading-campaigns-promising-loan-waivers","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/11\/rbi-cautions-against-misleading-campaigns-promising-loan-waivers\/","title":{"rendered":"RBI cautions against misleading campaigns promising loan waivers"},"content":{"rendered":"<div data-brcount=\"14\">\n<p>Mumbai: The <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"http:\/\/economictimes.indiatimes.com\/topic\/reserve-bank\" target=\"_blank\">Reserve Bank<\/a> on Monday cautioned the public against unauthorised and misleading campaigns promising loan waivers, and asked them to refrain from associating with such individuals or entities.<\/p>\n<p>&#8220;RBI has observed, with serious concern, the continued occurrence of such campaigns, through various media channels and direct outreach, by certain individuals and entities,&#8221; the central bank said, reiterating a similar caution it had issued in December 2023.<\/p>\n<p>Such campaigns not only mislead the general public but also interfere with the orderly functioning of the credit system of the country, it said.<\/p>\n<p><\/p>\n<p>These campaigns, among others, involve false promises of waiver of outstanding dues to banks\/non-banking financial companies (NBFCs); issuance of &#8216;<a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"http:\/\/economictimes.indiatimes.com\/topic\/debt-waiver-certificates\" target=\"_blank\">debt waiver certificates<\/a>&#8216; or similar documents; and collection of fees under various pretexts, including service or legal charges, from the uninformed public.<\/p>\n<p>&#8220;It is reiterated that any claims by individuals\/entities offering such services are false, misleading, and liable to attract appropriate legal action under applicable statutes,&#8221; RBI said.<\/p>\n<p>The Reserve Bank also emphasised that such activities undermine the stability of financial institutions, affect the interest of depositors, and engagement with such individuals\/entities can result in direct financial loss.<\/p>\n<p>&#8220;Members of the public are therefore requested to refrain from associating with or availing services from such individuals\/entities and instead approach their lending institutions directly for any information related to their loans,&#8221; it said.<\/p>\n<p>The RBI has advised the public to promptly report any such misleading campaigns to the appropriate law enforcement agencies. <\/p>\n<p><meta content=\"cms.article3\" name=\"cmsei-article3\"><\/div>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/policy\/rbi-cautions-against-misleading-campaigns-promising-loan-waivers\/articleshow\/130802864.cms\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Reserve Bank on Monday cautioned the public against unauthorised and misleading campaigns promising loan waivers, and asked them to refrain from associating with such individuals or entities. &#8220;RBI has observed, with serious concern, the continued occurrence of such campaigns, through various media channels and direct outreach, by certain individuals and entities,&#8221; the central<\/p>\n","protected":false},"author":1,"featured_media":912034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22901,3158],"tags":[13718,11694],"class_list":["post-912033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cautions","category-misleading","tag-cautions","tag-misleading"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/912033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=912033"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/912033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/912034"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=912033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=912033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=912033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}