Defaulting Borrowers
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SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
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US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
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"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
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US Debt Default Would Have 'Very Serious' Global Repercussions: IMF
The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit.
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US Congress To Avert Default With Stop-Gap Debt Limit Hike
US lawmakers were set Tuesday to rubber-stamp a short-term bill to lift the nation's borrowing authority, averting the threat of a debt default -- but only for a few weeks.
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Another Bank Defaulter Flees Country, SBI Complains To CBI After 4 Years
A company whose owners fled the country with over Rs 400 crore in unpaid loans borrowed from the State Bank of India (SBI) and other banks has emerged as the latest example of a mega defaulter evading action. The owners of Delhi-based Basmati rice exporter Ram Dev International Limited, investigated by the CBI for allegedly defaulting on loans from...
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Organised Gold Loan Industry To Touch Rs 3.1 Lakh Crore By Fiscal 2020, Says Report
Since gold loans are fully securitised, lenders have the option to recoup the full principal amount if the borrower defaults - hence, there is no need for extensive checks on borrower's previous repayment records, it said.
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With $207 Billion In Bad Loans, Banks Start Tougher Rules For Borrowers
Lenders are stepping up efforts to have safeguards in place as they struggle to clean up $207 billion of stressed loans in the system.
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57 Borrowers Owe Banks Whopping Rs 85,000 Crore, Supreme Court Told
Whether names of those who have defaulted on massive bank loans should be made public will be decided by the Supreme Court this week.
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Poor Honest, Generous; Rich Try To Evade Repaying Loan: PM Modi
In a veiled dig at large corporate defaulters like Vijay Mallya, Prime Minister Narendra Modi today said while poor people are generous and honest some rich borrowers look for ways to flee after taking loans.
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House passes bill raising US debt ceiling until 2015
House Republicans backed away from a battle over the government's debt cap on Tuesday and permitted President Barack Obama's Democratic allies to drive quick passage of a measure to increase the government's borrowing ability to pay its bills and avoid a default ahead of the November elections.
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Senate cuts deal to raise US debt ceiling, reopen government
The US Senate announced a last-minute deal on Wednesday to avert a historic lapse in the government's borrowing ability and a potentially damaging debt default, and to reopen the government after a two-week shutdown.
-
US lawmakers begin last-ditch effort on debt ceiling
The US Senate prepared for a last ditch effort on Wednesday to avoid a historic lapse in the government's borrowing authority, a breach that President Barack Obama has said could lead to default and deliver a damaging blow to the global economy.
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US debt ceiling: default could be 'catastrophic', says Treasury
A US default on its obligations forced by Congress not raising the country's borrowing ceiling would have catastrophic effects, the Treasury warned on Thursday.
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SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
-
US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
-
US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
-
US Debt Default Would Have 'Very Serious' Global Repercussions: IMF
The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit.
-
US Congress To Avert Default With Stop-Gap Debt Limit Hike
US lawmakers were set Tuesday to rubber-stamp a short-term bill to lift the nation's borrowing authority, averting the threat of a debt default -- but only for a few weeks.
-
Another Bank Defaulter Flees Country, SBI Complains To CBI After 4 Years
A company whose owners fled the country with over Rs 400 crore in unpaid loans borrowed from the State Bank of India (SBI) and other banks has emerged as the latest example of a mega defaulter evading action. The owners of Delhi-based Basmati rice exporter Ram Dev International Limited, investigated by the CBI for allegedly defaulting on loans from...
-
Organised Gold Loan Industry To Touch Rs 3.1 Lakh Crore By Fiscal 2020, Says Report
Since gold loans are fully securitised, lenders have the option to recoup the full principal amount if the borrower defaults - hence, there is no need for extensive checks on borrower's previous repayment records, it said.
-
With $207 Billion In Bad Loans, Banks Start Tougher Rules For Borrowers
Lenders are stepping up efforts to have safeguards in place as they struggle to clean up $207 billion of stressed loans in the system.
-
57 Borrowers Owe Banks Whopping Rs 85,000 Crore, Supreme Court Told
Whether names of those who have defaulted on massive bank loans should be made public will be decided by the Supreme Court this week.
-
Poor Honest, Generous; Rich Try To Evade Repaying Loan: PM Modi
In a veiled dig at large corporate defaulters like Vijay Mallya, Prime Minister Narendra Modi today said while poor people are generous and honest some rich borrowers look for ways to flee after taking loans.
-
House passes bill raising US debt ceiling until 2015
House Republicans backed away from a battle over the government's debt cap on Tuesday and permitted President Barack Obama's Democratic allies to drive quick passage of a measure to increase the government's borrowing ability to pay its bills and avoid a default ahead of the November elections.
-
Senate cuts deal to raise US debt ceiling, reopen government
The US Senate announced a last-minute deal on Wednesday to avert a historic lapse in the government's borrowing ability and a potentially damaging debt default, and to reopen the government after a two-week shutdown.
-
US lawmakers begin last-ditch effort on debt ceiling
The US Senate prepared for a last ditch effort on Wednesday to avoid a historic lapse in the government's borrowing authority, a breach that President Barack Obama has said could lead to default and deliver a damaging blow to the global economy.
-
US debt ceiling: default could be 'catastrophic', says Treasury
A US default on its obligations forced by Congress not raising the country's borrowing ceiling would have catastrophic effects, the Treasury warned on Thursday.
