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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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$1.5 Billion Loan Granted To Ukraine By World Bank For Reconstruction Aid
Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday.
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Kerala Man Wins Rs 70 Lakh Lottery Hours After Receiving Attachment Notice From Bank
Hours after receiving a loan recovery notice from the bank, a debt-ridden Kerala man wins the lottery for Rs 70 lakh.
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World Bank Approves $562 Million Funding For 3 Projects In India
World Bank has approved three loans totalling $562 million to fund an education project in Gujarat, a social protection programme in Tamil Nadu and a project to help recovery in the fisheries sector post the pandemic.
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Delhi: Parents Request CM Arvind Kejriwal To Bail Out Set To Be Auctioned Raisina Bengali School
The school had taken a loan of Rs 2 crore from the United Bank of India and after failing to repay the money, the principal and interest now stand at Rs 8 crore. The Debt Recovery Tribunal has ordered that the school will go under the hammer on January 14
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Banks Recover Rs 13,100 Crore From Vijay Mallya, Nirav Modi, Mehul Choksi
Finance Minister Nirmala Sitharaman today said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.
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Indian Banks Back In UK Court To Pursue Vijay Mallya Bankruptcy Order
A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou
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SBI-Led Bank Consortium Pursue UK Bankruptcy Order Against Vijay Mallya
A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.
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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.
-
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.
-
$1.5 Billion Loan Granted To Ukraine By World Bank For Reconstruction Aid
Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday.
-
Kerala Man Wins Rs 70 Lakh Lottery Hours After Receiving Attachment Notice From Bank
Hours after receiving a loan recovery notice from the bank, a debt-ridden Kerala man wins the lottery for Rs 70 lakh.
-
World Bank Approves $562 Million Funding For 3 Projects In India
World Bank has approved three loans totalling $562 million to fund an education project in Gujarat, a social protection programme in Tamil Nadu and a project to help recovery in the fisheries sector post the pandemic.
-
Delhi: Parents Request CM Arvind Kejriwal To Bail Out Set To Be Auctioned Raisina Bengali School
The school had taken a loan of Rs 2 crore from the United Bank of India and after failing to repay the money, the principal and interest now stand at Rs 8 crore. The Debt Recovery Tribunal has ordered that the school will go under the hammer on January 14
-
Banks Recover Rs 13,100 Crore From Vijay Mallya, Nirav Modi, Mehul Choksi
Finance Minister Nirmala Sitharaman today said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.
-
Indian Banks Back In UK Court To Pursue Vijay Mallya Bankruptcy Order
A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou
-
SBI-Led Bank Consortium Pursue UK Bankruptcy Order Against Vijay Mallya
A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.
