Bank Loan Recovery
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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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Loans Worth Rs 10.09 Lakh Crore Written Off By Banks: Finance Minister
Finance Nirmala Sitharaman said recovery in NPA (non-performing asset) accounts, including written-off loans, was an on-going process.
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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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Outsourcing Of Loan Recovery Not Stopped But...: RBI
The Reserve Bank on Friday clarified that it is not against the outsourcing of recovery activities by lenders, but expects them to be undertaken on the "right side of the law".
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Mahindra's Lending Arm Sees Vehicle Recovery Dropping After RBI Order
Mahindra and Mahindra Financial Services said on Friday it expects repossession activity of vehicles to reduce temporarily a day after the country's central bank directed the company to stop using third-party services for loan recovery.
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IDBI Bank Shares Surge On Bad Loan Recovery, Privatisation Buzz
Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privatisation process.
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"We Have Declared War" Against Bad Loans: Punjab & Sind Bank Chief
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.
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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.
-
Loans Worth Rs 10.09 Lakh Crore Written Off By Banks: Finance Minister
Finance Nirmala Sitharaman said recovery in NPA (non-performing asset) accounts, including written-off loans, was an on-going process.
-
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.
-
Outsourcing Of Loan Recovery Not Stopped But...: RBI
The Reserve Bank on Friday clarified that it is not against the outsourcing of recovery activities by lenders, but expects them to be undertaken on the "right side of the law".
-
Mahindra's Lending Arm Sees Vehicle Recovery Dropping After RBI Order
Mahindra and Mahindra Financial Services said on Friday it expects repossession activity of vehicles to reduce temporarily a day after the country's central bank directed the company to stop using third-party services for loan recovery.
-
IDBI Bank Shares Surge On Bad Loan Recovery, Privatisation Buzz
Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privatisation process.
-
"We Have Declared War" Against Bad Loans: Punjab & Sind Bank Chief
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.
