PIL Blames Loan Apps For Hounding Borrowers; Asks RBI To Intervene

Save Them India Foundation has filed a PIL in the Supreme Court against the third party loan apps, which are allegedly downloading users' personal information to harass them. It has also asked the RBI to strictly regulate these apps, mostly Chinese, as they threaten and publicly share borrowers’ details with their contacts when default. The PIL also alleged banks for sharing cases with the recovery agents before the borrower applied for grievance settlements.