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SI’ve been living in Singapore from 2011 to 2019.
I didn’t have an aadhar card, pan card or bank accounts in India until 2019.In 2015, my mother sold an independent house and bought a 3 bedroom flat.
She said, she will register the new 3 bedroom flat in my name and she needs a power of attorney.I happily assumed that she will use the power of attorney given to her, to buy and register the new 3 bedroom flat in my name using the proceeds and sale amount of individual house she sold.
I WAS SO WRONG !
She gave away 50L ( partial sale amount of independent house ) to her brother and she along along with her brother, misused the power of attorney to get a housing loan of 50L in my name without my knowledge and permission.
The loan has been active since 2016 and only recently I came to know about it.
Besides this housing loan, this person along with my mother owe me another 50L.When this housing loan was sanctioned without my knowledge and permission.
– I did not have an aadhar card
– I did not have a PAN Card
– i did not have a bank account in India
– I was not in India
– None of the payments to the loan account has been from my personal bank accountsIt’s appalling to know that this bank has sanctioned a housing loan on my name without seeing me virtually or in-person.
I have been pressing the bank to provide me all the documents that was used to sanction the loan in my name, but the bank has not been responding. Should i reveal the name of the bank here?
Where should i even start to get this matter resolved?
How can i sue the bank?
How to reverse my credit score?I am so lost.
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DWrite to their internal ombudsman with CC to RBI. Just try to keep following up every week over email. RBI is speedy in such matters.
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Uhttps://rbi.org.in/Scripts/Complaints.aspx
They suggest going through the escalation matrix of the Bank first before approaching the ambudsman.
You can click on “Banks” under “Lodge a complaint against specific Regulated Entity” in the first column and look for the Grievance Redressal link for your bank
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VA lawyer here.
Straighten up your back.
You need to file multiple cases. This will involve going after your mother, her brother, and defending yourself from the bank. Connect to a good lawyer for consultation. This can be as dangerous as it gets. The contents of that PoA and any correspondence related to this are also very crucial.
Don’t choose to ignore this, as the bank will let go of you till they recover every paisa from you of the principal, interest, penalties, and litigation costs, damaging your CIBIL all the way through.-
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EBefore filling cases, do remember that you had given the power of attorney yourself. Your case would be stronger if the POA spelt out very clearly the intended use of the same. If it was a broader term – like to enable sale and purchase of RE; it’d be more of he said, she said situation. Lawyers will have a field day and you’ll be the most harassed person needing to visit India again and again on every date; where your chances of winning dip significantly if you’re not present
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SHello sir,
I have faced almost similar situation but of lower magnitude. A savings bank account was opened in a bank in the year 2009. I was not aware of about such account till it was reported in CIBIL in the month of Jan 2025. Now, i somehow closed the account which was of -20.83 only. The same made my CIBIL score to come from 800+ to 678. Now as I have cleared all the obligations, do my CIBIL score will come back to normal? Or how to take my CIBIL back to 800+ ASAP.-
MHow can a savings account lower your CIBIL score? There’s no chance of that. I feel like there’s a huge part of your story missing.
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SAs per the latest notification of RBI, wef Jan 2025 all NPA accounts to be reported to CIBIL on fortnightly basis. My account was reported in that due to having Negative balance. The negetive balance resulted because of some ATM charges the bank had imposed. Moreover, the account opened in March 2009, when I was not in my hometown. Initially 5000/- rs were deposited in account and after 3 days 4900/- were withdrawn. Since then account was in negative and I was not aware of. I came to know about it, when Bank reported the same to CIBIL and my score droped around 125 points.
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MNPA is “Non Performing Asset” which is a loan that a financial institution has not received the payments for. It has nothing to do with savings bank account lol. Get your facts straight. CIBIL has zero knowledge about your savings accounts. Stop talking out of your ass buddy. Negative savings bank account does not affect your CIBIL score at all.
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SI don’t know your accolades or profession, but for your kind information I would like to inform you that If you have that much problem or doubts over comments made by me, then you can very well avoid answering and if you still want to satisfy your curiosity I can share my CIBIL report and Mails sent by bank which clearly mentioned my account details. One more thing to tell you I would have not given a flying fuck to CIBIL score, if healthy CIBIL score was not necessary to join any Financial institute. Moreover, I might be well versed with these banking terms better than you, because I have already cleared two banking exams and I may sound arrogant while claiming that, but yes it needs hard work to achieve that feat. So stop giving your half cooked knowledge to me over this, if you are able to answer the clearly asked question that will it improve or not? If you know that answer it if not then you can skip it. And mind your language, avoid using ass, dick or pussy sort of words for someone to whom you don’t know.
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MAin’t reading all that verbal diarrhoea homie, but a negative savings account does not affect your CIBIL score at all. If your bank has told you so, go ask them to give you proper info instead of giving you improper info lmao. And also I reiterate stop spreading misinformation on Social Media and stop talking out of your ass.
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MWell then, if you are looking for genuine advice I’ll give you some right now.
Keep the mail’s screenshot from CIBIL which states your score has gone down due to negative bank balance.
Send that to your bank. Send a copy to the escalation of CIBIL. Wait for their response.
If they still insist, complain to the RBI Ombudsman. Because if the score has gone down due to a negative balance in the savings bank account, it is quite illegal.Get a proper CA who handles these things and ask him to look into it. And then get a finance lawyer and get your score corrected ASAP.
Chances are your score has come down due to some non payment of a loan or high enquiries. Because a negative balance in the savings account is not a valid reason for the CIBIL score going down.
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SBhai, that negative balance in my account marked as outstanding by bank and further it was reported as NPA, I cleared it as it was only 20.83. I just want my CIBIL to go back to normal. That’s it. I got your point and would love to act upon it accordingly. BTW, can you answer simple question, as I have cleared the outstanding which marked by bank as NPA, now will my CIBIL score again goes back to normal?
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MYes it will go back to normal in 4-5 months, but why wait when you are not at fault at all?
The bank marking it as NPA itself is wrong. You can escalate the issue and ask them to correct the same in the CIBIL report. If you have not missed repayments of any loans or overdraft facility, they should not be marking NPA at all. Please mail them the same and ask for an explanation in case you have not missed any payments of loans. Additionally, ask them to correct it in the CIBIL report immediately or you will be forced to seek legal recourse. They simply can not mark a negative balance savings account as NPA. That’s illegal.
I’m not joking. You do these things and urge them to follow up. Your CIBIL will be back to your original state within a month.
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SIf it’s misinformation as per you, i told you can check my CIBIL report which I can share with you if you think a savings account can’t effect CIBIL score you are living in dark
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AYou need to lawyer up. Fast…. Contact any recommended lawyer from home town and file a case ASAP. Also need to know the scope of the PoA and status of the loan.. It’s getting paid regularly or default? . PoA can be specific or general. But either ways lawyer up..
Complaint is secondary via the online channels.
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