On May 4, 2023, the Reserve Bank of India (RBI) issued a warning regarding unauthorized campaigns that promise loan waivers. These campaigns have been observed across various media channels and are conducted by certain individuals and entities. The RBI stated that such misleading offers not only deceive the public but also disrupt the orderly functioning of the country's credit system. The central bank reiterated its previous caution from December 2023, highlighting that these campaigns often involve false promises of waiving outstanding dues to banks and non-banking financial companies (NBFCs), issuance of fraudulent 'debt waiver certificates,' and collection of fees under various pretenses. The RBI emphasized that claims made by these entities are false and could lead to legal consequences. It urged the public to avoid engaging with these misleading campaigns and to directly contact their lending institutions for any loan-related inquiries. The RBI also advised reporting any such misleading activities to law enforcement agencies to protect the interests of depositors and maintain financial stability.