RBI flags false loan waiver claims by some, warns of legal action

RBI cautioned such campaigns can mislead borrowers into believing their obligations can be written off outside formal processes, which could affect repayment behaviour and weaken credit discipline. “Such campaigns not only mislead the general public but also interfere with the orderly functioning of the credit system of the country,” it said.

from Economic Times https://ift.tt/zgs1UuY