Unfair Late Payment Report by Mirae Asset – Need Help and Opinions

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I'm seeking some guidance and opinions on an issue I’m facing regarding a loan against mutual funds (LAMF) from Mirae Asset.

Despite never missing an EMI or interest payment (which are automatically deducted), Mirae Asset has reported a late payment to the credit bureau (CIBIL). Here’s what happened:

• I had a loan against mutual funds and all interest payments were cleared on time.
• Due to a decline in MF value, my account showed an overdue balance of ₹700 as of 28-Feb-2025.
• I cleared the overdue on 1-Mar-2025, literally the next day.
• However, the loan account position as of 28-Feb-2025 was still reported to the credit bureau as overdue.
• I received no sufficient window to make good the shortfall—unlike other lenders (e.g., Bajaj Finserv), who offer up to 7 days before liquidating pledged assets or reporting.
• I raised a dispute with CIBIL, but the ticket was closed without resolution or rectification.

I believe this shouldn’t qualify as a late payment. The overdue was nominal, cleared promptly, and there was no default on EMIs.

This unfair reporting has already impacted my credit health. I would appreciate insights on the following:

• Has anyone faced a similar issue with LAMF or Mirae Asset?
• What steps can I take to get this corrected? RBI complaint? Consumer forum?
• Is there any guideline or RBI circular around reporting grace periods or treatment of LAMF overdue amounts?

Any help or pointers would be deeply appreciated.

Thanks in advance!