Loan Borrowing
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RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
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4 Lakh Crore In Debt, Madhya Pradesh Borrows Again To Meet BJP's Promises
Less than two weeks after he took oath, Madhya Pradesh Chief Minister Mohan Yadav has sought a Rs 2,000 crore loan from Reserve Bank of India (RBI) to meet the state's expenditures.
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SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
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Odisha Man Sets Lender On Fire After He Demanded To Repay Rs 2 Lakh Loan
A borrower allegedly poured petrol on a 55-year-old man and set him on fire after he demanded the repayment of Rs 2 lakh loan in Odisha's Kalahandi district, police said on Thursday.
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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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Noida Garlic Vendor Thrashed, Paraded Naked Over Rs 3,000 Loan, 2 Arrested
A garlic vendor was thrashed, forced to strip and paraded at a vegetable market in Noida after he failed to pay back Rs 3,000 he had borrowed from a commission agent at the market.
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Return Property Papers To Borrowers Within 30 Days Of Repayment: RBI To Banks
The Reserve Bank on Wednesday directed banks and financial institutions to release all original movable or immovable property documents and remove charges registered with any registry within 30 days after full repayment of a loan by the borrower.
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Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Takeover: Report
Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday.
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For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
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RBI Instructs Bank To Provide Borrowers Option To Switch To Fixed Interest Rates
The Reserve Bank on Friday asked banks and other lenders to provide individual borrowers an option of switching over to a fixed rate at the time of reset of interest rates.
-
RBI To Reset Floating Rate Loans: How It Impacts Home Loan Borrowers
Reserve Bank of India (RBI) has announced a transparent framework will be introduced to reset interest rates on floating-interest loans such as home loans.
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RBI's Big Relief For Home, Auto Loan Takers With Choice Over Interest Type
The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate.
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Pak To Become 4th Largest IMF Borrower After Receiving USD 3 Billion Loan
Debt-trapped Pakistan will become the fourth largest IMF borrower in the world after receiving a fresh loan of USD 3 billion in the next nine months under the standby arrangement reached with the global lender.
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Coinbase Decides to Halt Fiat Loan Borrowing Service Against Bitcoin Holdings: Details
Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...
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Banks Must Hear Borrowers Before Classifying Accounts As Fraud: Supreme Court
The Supreme Court rejected the State Bank of India's appeal and ruled that it is reasonably practicable for the lender banks to provide an opportunity for a hearing to the borrowers before classifying their accounts as fraud.
-
RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
-
4 Lakh Crore In Debt, Madhya Pradesh Borrows Again To Meet BJP's Promises
Less than two weeks after he took oath, Madhya Pradesh Chief Minister Mohan Yadav has sought a Rs 2,000 crore loan from Reserve Bank of India (RBI) to meet the state's expenditures.
-
SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
-
Odisha Man Sets Lender On Fire After He Demanded To Repay Rs 2 Lakh Loan
A borrower allegedly poured petrol on a 55-year-old man and set him on fire after he demanded the repayment of Rs 2 lakh loan in Odisha's Kalahandi district, police said on Thursday.
-
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.
-
Noida Garlic Vendor Thrashed, Paraded Naked Over Rs 3,000 Loan, 2 Arrested
A garlic vendor was thrashed, forced to strip and paraded at a vegetable market in Noida after he failed to pay back Rs 3,000 he had borrowed from a commission agent at the market.
-
Return Property Papers To Borrowers Within 30 Days Of Repayment: RBI To Banks
The Reserve Bank on Wednesday directed banks and financial institutions to release all original movable or immovable property documents and remove charges registered with any registry within 30 days after full repayment of a loan by the borrower.
-
Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Takeover: Report
Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday.
-
For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
-
RBI Instructs Bank To Provide Borrowers Option To Switch To Fixed Interest Rates
The Reserve Bank on Friday asked banks and other lenders to provide individual borrowers an option of switching over to a fixed rate at the time of reset of interest rates.
-
RBI To Reset Floating Rate Loans: How It Impacts Home Loan Borrowers
Reserve Bank of India (RBI) has announced a transparent framework will be introduced to reset interest rates on floating-interest loans such as home loans.
-
RBI's Big Relief For Home, Auto Loan Takers With Choice Over Interest Type
The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate.
-
Pak To Become 4th Largest IMF Borrower After Receiving USD 3 Billion Loan
Debt-trapped Pakistan will become the fourth largest IMF borrower in the world after receiving a fresh loan of USD 3 billion in the next nine months under the standby arrangement reached with the global lender.
-
Coinbase Decides to Halt Fiat Loan Borrowing Service Against Bitcoin Holdings: Details
Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...
-
Banks Must Hear Borrowers Before Classifying Accounts As Fraud: Supreme Court
The Supreme Court rejected the State Bank of India's appeal and ruled that it is reasonably practicable for the lender banks to provide an opportunity for a hearing to the borrowers before classifying their accounts as fraud.
