Loan-recovery agents or bullies? Inside the dark underbelly of Indian banking
businesstoday.in
Loan-recovery agents or bullies? Inside the dark underbelly of Indian banking
The feared loan recovery agent is back‚ sending borrowers scurrying for cover. A BT investigation gives a ringside view of the dark underbelly of the consumer loan recovery business and the regulatory gaps that they exploit
May 31, 2023
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Working as a Loan Recovery agent is not that easy Log pese vapis hi nahi karte hai or salary humari nahi aati 🥲 Follow @twoo_relatable For more ❤️ Characters - @be_d_best_person @absolutely_mananpruthi Backup @twoo_relatable_extra #loan #loanofficerlife #loanservices #recovery #recoveryispossible #agent #loanagent #company #installment #kisht #office #offices #instareels #reelsinstagram #corporatereels #explorepage | Ritik Sharma
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Working as a Loan Recovery agent is not that easy Log pese vapis hi nahi karte hai or salary humari nahi aati 🥲 Follow @twoo_relatable For more ❤️ Characters - @be_d_best_person @absolutely_mananpruthi Backup @twoo_relatable_extra #loan #loanofficerlife #loanservices #recovery #recoveryispossible #agent #loanagent #company #installment #kisht #office #offices #instareels #reelsinstagram #corporatereels #explorepage | Ritik Sharma
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Working as a Loan Recovery agent is not that easy Log pese vapis hi nahi karte hai or salary humari nahi aati 🥲 Follow @twoo_relatable For more ❤️ Characters - @be_d_best_person @absolutely_mananpruthi Backup @twoo_relatable_extra #loan #loanofficerlife #loanservices #recovery #recoveryispossible #agent #loanagent #company #installment #kisht #office #offices #instareels #reelsinstagram #corporatereels #explorepage | Ritik Sharma
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Loan recovery agents can only contact you between 7 AM and 7 PM, and must maintain respect and confidentiality. They cannot harass, threaten, or publicly shame you for repayment. In case loan repayment harassment does not stop: ➡️ Reach out to the Bank/NBFC: Escalate your complaint with supporting proof. ➡️ Approach the Banking Ombudsman: If unresolved, take it to the Ombudsman. ➡️ File a complaint with RBI: Use the RBI complaint portal for unfair trade practices. ➡️ Call the Police: If you’re t
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