IFF Explains: Bharat Financial Inclusion Limited Loan 'glitch'

Bharat Financial Inclusion Limited (BFIL), a subsidiary of IndusInd Bank recently admitted to disbursing 84,000 loans without getting customers' consent recorded owing to a ‘technical glitch’. Though the bank took corrective steps upon the receipt of the complaints, there is very little regulatory oversight and acknowledgement of these instances in general.

This is a companion discussion topic for the original entry at https://internetfreedom.in/bfil-consent-scam/