[Resolved]  Karur Vysya Bank — False sale of assets and business malpractices

Address:

New Delhi, Delhi

Dear friends, I would like you to beware of the business banking malpractices followed by KVB via which they trap innocent consumers and then doesn’t not take up seriously by giving inappropriate and incomplete replies. Even responses to letters sent to Bank’s MD are inappropriate, incomplete with no resolution to the issues raised. Bank responses to correspondences, letters, and emails are delayed, unsatisfactory and highly questionable. KVB doesn’t follow the rule of the law & honey trap the customers via sale of disputed & unavailable assets held by them. One such case happened to me and the matter has been lingering on for more than 7 months, interest has been levied on housing loan and because of which I have to suffer mental, financial and physical harassment. These actions points to the level of high handedness of the banks with their vast financial and legal resources towards consumers who can’t match them. I would advice everyone to be careful in doing any kind of business with them in the future. Thanks Pawan Taneja