Asked in Banking
Since it is a privileged matter. No Bank will allow its process to be scattered in this manner to elicit information from such sources. Recovery Agents also contact the loanee for recovery of outstandings
No. such acts on part of bank officials are illegal. Report the matter to police.
Dear Vilas No recovery agent has legal right to contact and demanding information from your relatives or friends pertaining to you. This is illegal and unlawful as per RBI and Sc guidelines in this regard. If you are receiving any sort of threats and being harassed by recovery agent you can complaint against him in the bank branch/ombudsman branch of the bank. In addition to this, tell you friends/relatives to record calls made by recovery agent if any and complaint to police station of your stayed area. If recovery agent frequently visit at your house and misbehave with you or any member of your family you can also file police complaint and civil suit for seeking injunction order restraining them. You can file complaint in this regard to the RBI Complaint system. For seeking further details kindly contact me.
It is totally illegal. I have saved so many persons. Please read the following judgment on line. ICCI Bank Limited vs. Prakash Kaur Please give me Rank 5 and Review my Resume and Follow me if my answer satisfies you
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