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 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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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