Loan Recovery

The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm.

The focus for Punjab & Sind Bank is to reduce its bad loans and improve recoveries to ensure that gross non-performing assets fall below 10% by the end of FY23, the bank'schief said on Tuesday.

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.

Loan recovery agents calling at odd hours or using foul language is unacceptable, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday.

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that loan recovery agents undertaking harsh methods is unacceptable

India's central bank is confident of exiting from ultra-loose monetary policy smoothly and ensuring a soft landing for the economy, said Governor Shakikanta Das at a banking event on Friday. The governor "truly and sincerely" believes the RBI was in sync with the requirements of the economy.

Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country's biggest lender, a sign that a recovery in Asias third-largest economy is gathering pace.

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

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.

RBI's decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants.

The Reserve Bank's decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants.

One metric is key -- private sector banks' market share in terms of loans surged about 36 per cent in 2020 from about 21 per cent five years ago

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

Google India on Thursday revealed that it “immediately removed” personal loan apps violating its user safety policies. The company reviewed hundreds of personal loan apps in the country based on reports it received from users and government agencies.

In continuing crackdown on instant app-based lenders, the Telangana police said it has busted a Pune-based call centre allegedly used for harassing borrowers of online app firms for recovery and arrested three people, including a Chinese woman.

The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm.

The focus for Punjab & Sind Bank is to reduce its bad loans and improve recoveries to ensure that gross non-performing assets fall below 10% by the end of FY23, the bank'schief said on Tuesday.

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.

Loan recovery agents calling at odd hours or using foul language is unacceptable, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday.

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that loan recovery agents undertaking harsh methods is unacceptable

India's central bank is confident of exiting from ultra-loose monetary policy smoothly and ensuring a soft landing for the economy, said Governor Shakikanta Das at a banking event on Friday. The governor "truly and sincerely" believes the RBI was in sync with the requirements of the economy.

Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country's biggest lender, a sign that a recovery in Asias third-largest economy is gathering pace.

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

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.

RBI's decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants.

The Reserve Bank's decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants.

One metric is key -- private sector banks' market share in terms of loans surged about 36 per cent in 2020 from about 21 per cent five years ago

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

Google India on Thursday revealed that it “immediately removed” personal loan apps violating its user safety policies. The company reviewed hundreds of personal loan apps in the country based on reports it received from users and government agencies.

In continuing crackdown on instant app-based lenders, the Telangana police said it has busted a Pune-based call centre allegedly used for harassing borrowers of online app firms for recovery and arrested three people, including a Chinese woman.