Loan Recovery
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Demanding Loan Repayment Not Abetment To Suicide: Bombay High Court
The bench also observed that there was no willful instigation or any conspiracy that would have led the person to die by suicide.
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4 Arrested For Posing As Bank Officials, Targeting Car Owners In Delhi
Delhi Police arrests four for running fake loan recovery racket using mobile app in Delhi.
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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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Taj Security Alert About 2 Cars With Same Number Leads To Bizarre Loan Tale
A Mumbai cab driver's desperate attempt to escape the car loan cycle by forging his number plate set off a chain of events that led to a big security scare at the iconic Taj Mahal Palace Hotel in Colaba 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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UP Farmer Crushed Under Tractor Allegedly By Loan Recovery Agents
A farmer in Uttar Pradesh was crushed to death on Saturday, allegedly by loan recovery agents of a private company who were trying to seize the tractor that the farmer had bought using Rs 5 lakh loan, the police said.
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Finance Minister Arun Jaitley Meets Bankers, Bad Debts Top Agenda
Finance Minister Arun Jaitley's review meeting with the chiefs of public sector banks today is expected to create a turnaround road map on how banks - facing nearly 3.6 lakh crore worth non-performing assets (NPAs) - can become part of the India's growth story.
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Facebook, the new platform for loan recovery
While the enforcement agencies have yet to effectively harness the web to tackle crime, loan recovery agents are not only tracking down defaulters by looking up their profiles on social networking sites, but are going a step further by luring...
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Mumbai: Debt-ridden family made homeless
As recovery agents come to assume Shylock-like proportions for those defaulting on their loans, Wednesday night saw a family being made homeless, allegedly because of persecution by the agents for being unable to make loan payments on time. The harassment has driven them to the extent of threatening to commit suicide.The residence of Diliprao Patil...
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Facebook, the new platform for loan recovery
While the enforcement agencies have yet to effectively harness the web to tackle crime, loan recovery agents are not only tracking down defaulters by looking up their profiles on social networking sites, but are going a step further by luring them with sex chats. A Borivli resident, who works an HR executive at a multinational company, recently fou...
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Bank resorts to Gandhigiri to recover loans
A land development bank in Yavatmal has decided to abandon coercive ways to recover loans from farmers and instead adopt Gandhigiri-like methods.Maharashtra State Bhoo Vikas Bank will no longer use the method of seizure and auction of moveable properties, particularly tractors, of the defaulting farmers. It has formed two teams of bank employees, c...
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Demanding Loan Repayment Not Abetment To Suicide: Bombay High Court
The bench also observed that there was no willful instigation or any conspiracy that would have led the person to die by suicide.
-
4 Arrested For Posing As Bank Officials, Targeting Car Owners In Delhi
Delhi Police arrests four for running fake loan recovery racket using mobile app in Delhi.
-
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
-
Taj Security Alert About 2 Cars With Same Number Leads To Bizarre Loan Tale
A Mumbai cab driver's desperate attempt to escape the car loan cycle by forging his number plate set off a chain of events that led to a big security scare at the iconic Taj Mahal Palace Hotel in Colaba 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.
-
UP Farmer Crushed Under Tractor Allegedly By Loan Recovery Agents
A farmer in Uttar Pradesh was crushed to death on Saturday, allegedly by loan recovery agents of a private company who were trying to seize the tractor that the farmer had bought using Rs 5 lakh loan, the police said.
-
Finance Minister Arun Jaitley Meets Bankers, Bad Debts Top Agenda
Finance Minister Arun Jaitley's review meeting with the chiefs of public sector banks today is expected to create a turnaround road map on how banks - facing nearly 3.6 lakh crore worth non-performing assets (NPAs) - can become part of the India's growth story.
-
Facebook, the new platform for loan recovery
While the enforcement agencies have yet to effectively harness the web to tackle crime, loan recovery agents are not only tracking down defaulters by looking up their profiles on social networking sites, but are going a step further by luring...
-
Mumbai: Debt-ridden family made homeless
As recovery agents come to assume Shylock-like proportions for those defaulting on their loans, Wednesday night saw a family being made homeless, allegedly because of persecution by the agents for being unable to make loan payments on time. The harassment has driven them to the extent of threatening to commit suicide.The residence of Diliprao Patil...
-
Facebook, the new platform for loan recovery
While the enforcement agencies have yet to effectively harness the web to tackle crime, loan recovery agents are not only tracking down defaulters by looking up their profiles on social networking sites, but are going a step further by luring them with sex chats. A Borivli resident, who works an HR executive at a multinational company, recently fou...
-
Bank resorts to Gandhigiri to recover loans
A land development bank in Yavatmal has decided to abandon coercive ways to recover loans from farmers and instead adopt Gandhigiri-like methods.Maharashtra State Bhoo Vikas Bank will no longer use the method of seizure and auction of moveable properties, particularly tractors, of the defaulting farmers. It has formed two teams of bank employees, c...
