There has been many instances where Banks & NBFC's have shared incorrect information with CIBIL and every time I have raised disputes with CIBIL there has been no action taken by CIBIL on it. The only default answer I have received everytime is CIBIL is a platform for all lenders which gives a bird's eye view about the borrower.
I dont know how this complaint system works here, but my question is if CIBIL is allowing to share my personal information on their platform then why are they not accountable to the accuracy of the information. Its high time RBI takes note of this problem where borrowers are suffering because banks and NBFC's licensed by RBI try to armtwist consumers using CIBIL, Experion and other rating agencies. Was this information helpful? |
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