No way since it's OneCard. If you had cards with good banks and had good relationship with the bank, you could have requested them to waive off the charges. But they will report it to credit bureau since that's mandatory as per RBI guidelines.
Now that it has already happened, no way to reverse that, it will be shown in your report for 7 years perhaps.
But don't worry, the score will rise again if you continue to pay bills timely. It will cross 750 after a year or even sooner. So you won't face much rejection.
But for some top end cards, you may get rejected since they want 0 late payment.
For mid range cards, they will approve.
Your loans will be approved, may get slightly higher interest rate.
After few years, if you don't miss any payment, banks might offer you better rates and cards.
Mark my answer as solution if you find it helpful.
