POSTED BY July 14, 2012 9:35 pm COMMENTS (8)ON
If I apply for some Credit Card or Loan and my application gets rejected,is it mandatory for the Bank or Financial Institution to provide me EXACT reason for DECLINE OF MY APPLICATION?
Are there any specific guidelines given by RBI to banks to inform the EXACT reason of application rejection? Can bank deny to provide the exact reason? What action I can take if they deny to give a EXACT SPCEFIC REASON for my application rejection?