Bank Loan

Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.

The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said that the World Bank has agreed to extend Rs 15,000 crore loan to the state government for the construction of the capital Amaravati and its work will start from December.

Harassed by the bank officials and other people owing a debt of Rs 60 lakh, three members of a family, including a girl aged seven died by suicide in Bikaner on Tuesday.

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.

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).

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.

A part of a property belonging to film actor Rajpal Yadav in his native Shahjahanpur district of Uttar Pradesh has been sealed by a Mumbai bank over non-repayment of a loan, an official said on Wednesday.

The Enforcement Directorate on Thursday said it has arrested the director of an insolvent automotive equipment manufacturing company as part of a money laundering probe linked to an alleged Rs 25,000-crore bank loan fraud case.

The ED said on Wednesday that it has arrested three persons including a chartered accountant and a resolution professional as part of a money laundering probe linked to an alleged bank loan fraud related to regaining control of an insolvent company f

A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).

The World Bank has approved an additional $1.5 billion loan to support India's Green Hydrogen Mission, marking the second tranche of aid for this initiative and bringing the total assistance to $3 billion.

Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.

The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.

The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said that the World Bank has agreed to extend Rs 15,000 crore loan to the state government for the construction of the capital Amaravati and its work will start from December.

Harassed by the bank officials and other people owing a debt of Rs 60 lakh, three members of a family, including a girl aged seven died by suicide in Bikaner on Tuesday.

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.

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).

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.

A part of a property belonging to film actor Rajpal Yadav in his native Shahjahanpur district of Uttar Pradesh has been sealed by a Mumbai bank over non-repayment of a loan, an official said on Wednesday.

The Enforcement Directorate on Thursday said it has arrested the director of an insolvent automotive equipment manufacturing company as part of a money laundering probe linked to an alleged Rs 25,000-crore bank loan fraud case.

The ED said on Wednesday that it has arrested three persons including a chartered accountant and a resolution professional as part of a money laundering probe linked to an alleged bank loan fraud related to regaining control of an insolvent company f

A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).

The World Bank has approved an additional $1.5 billion loan to support India's Green Hydrogen Mission, marking the second tranche of aid for this initiative and bringing the total assistance to $3 billion.

Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.

The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.