RBI has a warning on these ads on Facebook, Instagram and other social media platforms
RBI has a warning on these ads on Facebook, Instagram and other social media platforms
RBI warns public about misleading loan waiver offers on social media platforms like Facebook and Instagram; cautions against falling prey to misleading advertisements; entities promoting campaigns charging service or legal fee for 'debt waiver certificates'; campaigns undermine banks' rights over securities; misrepresenting that dues to financial institutions need not be repaid; activities undermine financial institutions and depositors' interests; borrowers urged to report incidents; RBI has no plans to regulate social media influencers in financial markets; finance minister warns about apps promising unrealistic financial returns.
RBI warns public about misleading loan waiver offers on social media platforms like Facebook and Instagram; cautions against falling prey to misleading advertisements; entities promoting campaigns charging service or legal fee for 'debt waiver certificates'; campaigns undermine banks' rights over securities; misrepresenting that dues to financial institutions need not be repaid; activities undermine financial institutions and depositors' interests; borrowers urged to report incidents; RBI has no plans to regulate social media influencers in financial markets; finance minister warns about apps promising unrealistic financial returns.
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RBI warns public about misleading loan waiver offers on social media platforms like Facebook and Instagram; cautions against falling prey to misleading advertisements; entities promoting campaigns charging service or legal fee for 'debt waiver certificates'; campaigns undermine banks' rights over securities; misrepresenting that dues to financial institutions need not be repaid; activities undermine financial institutions and depositors' interests; borrowers urged to report incidents; RBI has no plans to regulate social media influencers in financial markets; finance minister warns about apps promising unrealistic financial returns. 
