Online Instant Loan Applications Recovery. Is RBI Neglecting.

Nowadays there are many ONLINE INSTANT UNSECURED LOAN APPLICATIONS on Google play store offering loans from 7 days to 15 days. The issue is when you apply for a loan online they even ask permission to access PHONE BOOK Contacts. The problem starts when by chance we delay payment on the due date, even they charge per day penalty but the recovery starts by calling the borrower, in a very slang language, use bad words, then if the borrower asks for some time to repay, then they start calling contacts with very abusive languages, breach privacy and harassing. The rate of interest, the processing charges is also a different issue. Many borrowers have used twitter to communicate with the finance minister, the RBI, but no use. If what is RBI doing and are these loan companies governed by RBI rules and if yes then why is RBI neglecting the issue of so many borrowers who are being harnessed. I want to file public interest litigation in this matter. Kindly advice.