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Mother Of 3 Dies By Suicide In Bihar, Husband Alleges 'Goonda Bank' Terror
A passbook, some pending instalments and a million questions: Pintu Goswami from Bihar's Muzaffarpur has lost his wife Gudiya Devi, 35, to suicide. The mother of three, he alleges, consumed pesticide after being harassed by recovery agents
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Indian-Origin CEO Hits BlackRock With "Breathtaking" $500-Million Fraud
BlackRock's private-credit investing arm and several major lenders are scrambling to recover more than $500 million lost in a loan fraud allegedly orchestrated by Indian-origin telecom executive Bankim Brahmbhatt.
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Harassed By Loan Recovery Agents, Couple, Daughter Die By Suicide In UP: Cops
A couple and their 18-year-old daughter allegedly died by suicide by consuming poison, police here said on Monday, with villagers claiming they were harassed by recovery agents after they failed to repay a bank loan.
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Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
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"Goons": Supreme Court Slams Bank Recovery Agents For Not Returning Vehicle
Terming a recovery agent firm of a bank as a "group of goons" who did not return vehicle seized from a man despite one time settlement of the loan amount, the Supreme Court has directed the West Bengal Police to file charge sheet against the company.
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HDFC Agents Harass Mumbai Man, Family Over Unpaid Loan By Relative, Bank Responds
Mr Mehta mentioned that he began receiving calls from over 10 different numbers, and the loan recovery agent displayed abusive behaviour towards him.
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Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
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Ascertain Whether People You Sue Are Dead Or Alive: Court To SBI
Any bank, especially the State Bank of India (SBI) being the leading bank of the country, is expected to take proactive steps to ascertain whether the people being sued by it are dead or alive, a Delhi court has said.
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Recovery Agents May Be Barred From Calling Borrowers Between 7 pm And 8 am
The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.
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On "Merciless" Loan Recovery, Finance Minister's Instructions To Banks
Nirmala Sitharaman today said the government has instructed both public and private banks that harsh steps should not be taken when it comes to the process of loan repayment and that they should handle such cases with humanity and sensitivity.
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Mother Of 3 Dies By Suicide In Bihar, Husband Alleges 'Goonda Bank' Terror
A passbook, some pending instalments and a million questions: Pintu Goswami from Bihar's Muzaffarpur has lost his wife Gudiya Devi, 35, to suicide. The mother of three, he alleges, consumed pesticide after being harassed by recovery agents
-
Indian-Origin CEO Hits BlackRock With "Breathtaking" $500-Million Fraud
BlackRock's private-credit investing arm and several major lenders are scrambling to recover more than $500 million lost in a loan fraud allegedly orchestrated by Indian-origin telecom executive Bankim Brahmbhatt.
-
Harassed By Loan Recovery Agents, Couple, Daughter Die By Suicide In UP: Cops
A couple and their 18-year-old daughter allegedly died by suicide by consuming poison, police here said on Monday, with villagers claiming they were harassed by recovery agents after they failed to repay a bank loan.
-
Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
-
"Goons": Supreme Court Slams Bank Recovery Agents For Not Returning Vehicle
Terming a recovery agent firm of a bank as a "group of goons" who did not return vehicle seized from a man despite one time settlement of the loan amount, the Supreme Court has directed the West Bengal Police to file charge sheet against the company.
-
HDFC Agents Harass Mumbai Man, Family Over Unpaid Loan By Relative, Bank Responds
Mr Mehta mentioned that he began receiving calls from over 10 different numbers, and the loan recovery agent displayed abusive behaviour towards him.
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
-
Ascertain Whether People You Sue Are Dead Or Alive: Court To SBI
Any bank, especially the State Bank of India (SBI) being the leading bank of the country, is expected to take proactive steps to ascertain whether the people being sued by it are dead or alive, a Delhi court has said.
-
Recovery Agents May Be Barred From Calling Borrowers Between 7 pm And 8 am
The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.
-
On "Merciless" Loan Recovery, Finance Minister's Instructions To Banks
Nirmala Sitharaman today said the government has instructed both public and private banks that harsh steps should not be taken when it comes to the process of loan repayment and that they should handle such cases with humanity and sensitivity.
