Monthly Repayments
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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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Karnataka High Court's Explanation For Raising Maintenance Payable To Woman
Enhancing the maintenance amount payable by a husband to his wife, the Karnataka High Court observed that when he could maintain a fleet of cars and repay a business loan of Rs 7.72 lakh per month, he could surely support his partner and son.
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Pay Credit Suisse $1 Million Monthly For 6 Months: Supreme Court To SpiceJet
The Supreme Court on Friday asked low cost airline SpiceJet to pay USD 1 million per month for six months to global investment bank and financial services firm Credit Suisse AG towards repayment of dues.
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SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
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Byju's Makes A Surprise $1.2 Billion Repayment Proposal To Lenders
Indian edtech titan Byju's has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation.
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Why Court Fined Maharashtra Man Rs 24 Lakh For Defaulting On 12 Lakh Loan
A court in Maharashtra's Thane district sentenced a man to three months of simple imprisonment and imposed a fine of Rs 24 lakh on him for failing to repay a loan.
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Byju Files Lawsuit Challenging $1.2 Billion Term Loan Acceleration, Seeks Lender Redwood's Disqualification
Edtech major BYJU'S on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the USD 1.2 billion (roughly Rs. 9,916 crore) Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in...
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Madhya Pradesh Man Killed, Body Chopped; Killer's Aide Dies By Suicide
A man was arrested on Monday in Jabalpur in Madhya Pradesh for allegedly killing a person recently for not repaying a loan and dismembering his body using a woodcutter, while another accused in the case died by suicide last month, an official said.
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Adani Group In Talks To Repay $500 Million Bridge Loan Taken For Cement Deals: Report
Adani group is looking to repay the bridge loan with cash this month, the report said, citing people aware of the matter, adding that the loan had a tenor of six months and was part of a larger $5.25 billion financing package.
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FTX Sues Voyager Digital as One Bankrupt Firm Seeks to Claw Back $446 Million in Loan Payments From Another
FTX, the crypto exchange that collapsed last year, has sued bankrupt crypto lender Voyager digital as it seeks to regain millions in loan repayments. The company says loan repayments made last year are eligible to be clawed back and potentially used to repay other FTX creditors, as they were made so close to FTX’s own bankruptcy filing, according...
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Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
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"Sri Lanka To Take At Least 6 Months To Repay Its Debts": Central Bank
Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of fuel shortages.
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Gold Lenders Cut Loan Duration, Seek More Guarantees Due To Price Decline
Muthoot Finance is offering discounts on interest rates to borrowers who chose to repay monthly or more frequently and Muthoottu Mini Financiers is mostly lending for 90 days now versus 270 previously
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Government To Submit Loan Moratorium Plan In Top Court Today
The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...
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Fiat India Brings In Special Finance Schemes To Attract Customers
The company is offering lowest loan interest rates from banks and coverage in the event of a job loss among other things to its probable customers.
-
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...
-
Karnataka High Court's Explanation For Raising Maintenance Payable To Woman
Enhancing the maintenance amount payable by a husband to his wife, the Karnataka High Court observed that when he could maintain a fleet of cars and repay a business loan of Rs 7.72 lakh per month, he could surely support his partner and son.
-
Pay Credit Suisse $1 Million Monthly For 6 Months: Supreme Court To SpiceJet
The Supreme Court on Friday asked low cost airline SpiceJet to pay USD 1 million per month for six months to global investment bank and financial services firm Credit Suisse AG towards repayment of dues.
-
SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
-
Byju's Makes A Surprise $1.2 Billion Repayment Proposal To Lenders
Indian edtech titan Byju's has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation.
-
Why Court Fined Maharashtra Man Rs 24 Lakh For Defaulting On 12 Lakh Loan
A court in Maharashtra's Thane district sentenced a man to three months of simple imprisonment and imposed a fine of Rs 24 lakh on him for failing to repay a loan.
-
Byju Files Lawsuit Challenging $1.2 Billion Term Loan Acceleration, Seeks Lender Redwood's Disqualification
Edtech major BYJU'S on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the USD 1.2 billion (roughly Rs. 9,916 crore) Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in...
-
Madhya Pradesh Man Killed, Body Chopped; Killer's Aide Dies By Suicide
A man was arrested on Monday in Jabalpur in Madhya Pradesh for allegedly killing a person recently for not repaying a loan and dismembering his body using a woodcutter, while another accused in the case died by suicide last month, an official said.
-
Adani Group In Talks To Repay $500 Million Bridge Loan Taken For Cement Deals: Report
Adani group is looking to repay the bridge loan with cash this month, the report said, citing people aware of the matter, adding that the loan had a tenor of six months and was part of a larger $5.25 billion financing package.
-
FTX Sues Voyager Digital as One Bankrupt Firm Seeks to Claw Back $446 Million in Loan Payments From Another
FTX, the crypto exchange that collapsed last year, has sued bankrupt crypto lender Voyager digital as it seeks to regain millions in loan repayments. The company says loan repayments made last year are eligible to be clawed back and potentially used to repay other FTX creditors, as they were made so close to FTX’s own bankruptcy filing, according...
-
Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
-
"Sri Lanka To Take At Least 6 Months To Repay Its Debts": Central Bank
Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of fuel shortages.
-
Gold Lenders Cut Loan Duration, Seek More Guarantees Due To Price Decline
Muthoot Finance is offering discounts on interest rates to borrowers who chose to repay monthly or more frequently and Muthoottu Mini Financiers is mostly lending for 90 days now versus 270 previously
-
Government To Submit Loan Moratorium Plan In Top Court Today
The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...
-
Fiat India Brings In Special Finance Schemes To Attract Customers
The company is offering lowest loan interest rates from banks and coverage in the event of a job loss among other things to its probable customers.
