RBI shields and patronises wrong-doings of NBFCs
Reserve Bank of India RBI through an RTI response (copy enclosed) openly shielded wrong-doings of torturing money-lending business by Non-Banking-Finance-Companies NBFCs like an NBFC-agent rather than regulatory-authority when the central Bank provided an analytical detail on suggestions to regulate NBFCs especially in their money-recovering process from those trapped in their net through luring mobile-calls. Significantly these NBFCs dominate loan-takers through financing by public-money of public-sector banks which is also unduly justified by RBI which avoided giving data of complaints against NBFCs.
RBI justified filing of court-cases by NBFCs for recovery in cities other than of loan-takers despite NBFC-office being also in the city of loan-taker simply to unduly harass loan-taker a...









