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Kaderesan Mariappan   13 March 2022

arbitration &conciliation act

sir/madam,most of the banks&nbfcs loan apps are cheating by not mentioning exact subscripttion amt&cancellation policy details in app info itself.they collect over interest morethan15%.they are misusing pan card etc,.they are threatening with arbitration & conciliation law.dhani card with credit&stores app is one of them.i also affected by that app.how to face them?how to prevent such companies?how to remove/make borrower favour amendment in that law?pl clarify me&such clients&for public also.thank u.....mk


Learning

 2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     14 March 2022

U can give complaint to banking ombudsmen. 

 

Banking Ombudsman - Reserve Bank of India

https://bankingombudsman.rbi.org.in

The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services covered under the grounds of complaint specified under Clause 8 of the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017).

 

1 Like

Kaderesan Mariappan   15 March 2022

thank u sir

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