RBI cautions against misleading campaigns promising loan waivers
- Posted on May 4, 2026
- By Business News Today
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- 1 min read
RBI cautions against misleading campaigns promising loan waivers
Attention all borrowers! The Reserve Bank of India has flagged a concerning trend involving fraudulent loan waiver initiatives. These duplicitous campaigns claim to erase debts owed to banks and non-banking financial companies (NBFCs) but are merely traps set by dishonest individuals aiming to profit through false promises and upfront fees.
