There have been many complaints in https://www.mouthshut.com about banks incorrectly referring the customer's name to CIBIL due to which loans are denied to them.

The problem can be solved if CIBIL can have a mechanism to penalize Banking and Non-Banking organizations for false / incorrect declaration. However this is not going to happen if you look at who owns CIBIL. See https://cibil.com/faqs.htm#2

The only way a referral in CIBIL can be removed is by asking the referring bank to do it. In effect the banks have created an organization where they can be the prosecutors and judge.

I have also heard that overeseas travel can be curtailed / denied if your name appears in CIBIL. This situation is best prevented than responded to. Further, if this should appear due to errors from the referring organization, it infringes upon your constitutional right.

I am here to get like minded people and force a redressal mechanism including penalising Banks/Non-Banking organizations for incorrect referral.

Looking forward to your support.