🚨 Attention everyone! 🚨
It has come to my notice that AU Bank is conducting hard inquiries on CIBIL reports even when their credit card services are not available in certain PIN codes. This means that individuals are being subjected to unnecessary checks on their credit history without even having the availability for credit card from AU Bank in their PIN code
It's essential for financial institutions to prioritize responsible lending practices and ensure that hard inquiries are made only when necessary and justified. Conducting inquiries without offering services in a particular PIN Code area seems unjust and could potentially harm individuals' credit scores.
I urge AU Bank to review their policies and ensure that the availability of credit card services is checked before initiating hard inquiries on CIBIL reports. Transparency and fairness should be the first priority of all banking practices. Let's spread awareness about this issue and advocate for better practices in the banking sector.
If AU Bank don't rectify this issue, don't hesitate to complain to RBI Banking Ombudsman
#AUBank #CreditCards #CIBIL #Banking #FinancialTransparency 🏦💳
It has come to my notice that AU Bank is conducting hard inquiries on CIBIL reports even when their credit card services are not available in certain PIN codes. This means that individuals are being subjected to unnecessary checks on their credit history without even having the availability for credit card from AU Bank in their PIN code
It's essential for financial institutions to prioritize responsible lending practices and ensure that hard inquiries are made only when necessary and justified. Conducting inquiries without offering services in a particular PIN Code area seems unjust and could potentially harm individuals' credit scores.
I urge AU Bank to review their policies and ensure that the availability of credit card services is checked before initiating hard inquiries on CIBIL reports. Transparency and fairness should be the first priority of all banking practices. Let's spread awareness about this issue and advocate for better practices in the banking sector.
If AU Bank don't rectify this issue, don't hesitate to complain to RBI Banking Ombudsman
#AUBank #CreditCards #CIBIL #Banking #FinancialTransparency 🏦💳