Banks and cibil

Dear Girishankar,

As a matter of fact  it is the inside story of Bankers and financial institutions that they share details of the defaulters/alleged defaulters on account of shown default of your friend with one institution (for one reason or another) the other financial institution is creating the trouble. 

To show you the way forward here is the solution.

Write down the factual status to the principal banker and mark the copy of the same to the one from where car finance is sought to be taken/refused and to the leading Newspapers as well.   Wait for their response or be ready with the litigation.

Best Regards

Daksh

Thank U

Sir there is  CIBIL for Bankers to know abt the Customers status whter its true or not or in which circumstances the Bankers hav recomended and without any explanation getting from the said customers in what why the CIBIL is putting all the Genunie customers in trouble and mental agony.......

Why CIBIL so far hav not given /not giving a statement of  of many Big finance  Companies i:e Just like City limounise and others who hav ditched lot of poor peoples by giving  false promises and Advertiments .

Why Is CIBIL is  not botherd abt  Public.........Only Bothered abt BANKERS

What Service they are giving to Banks also must to be Provided by them to the public.......

Why its been ignored by CIBIL and whts the remedy.....

Please Explain......

Dear Shri girishanker,

Wait for some time .....as the RBI is framing guidelines for Banks about the circumstances under which it should declare defaulters name to CIBIL. Repayment of settled / negotiated  amount to credit card company would not be considered default for the purpose of notifying in the defaulters' list of CIBIL by Banks. This is the what the RBI is now proposing to do. Please read the attached news item published in Economic times dated 24th Feb 2010.