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RECORDED LOAN RECOVERY CALLS
RBI changes loan recovery rules:: No harassment, recorded calls, strict recovery agent code & moreThe Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks pro...
RBI allows gradual device restrictions for EMI defaults, eases recovery agent disclosure normsThe Reserve Bank of India will permit lenders to restrict devices bought on EMI financing. These restrictions will be gradual and only afte...
SBI Q1 results preview: Will India's largest public bank report a decline in profit?In the upcoming June quarter, State Bank of India's profits are projected to dip, influenced by margin constraints and a slowdown in income...
RBI relaxes device-loan recovery normsThe Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...
Renewable energy developers seek Rs 3,000 crore relief amid transmission bottlenecksRenewable energy developers are urgently requesting comprehensive financial assistance from the government due to significant delays in ess...
Mortgage rates hit highest level in over a year. Here's what it means for homebuyers in the USUS mortgage rates have climbed for five consecutive weeks, reaching a yearly high. This trend makes homeownership increasingly difficult fo...
RBI bars banks from disabling mobile devices of defaulting borrowersBanks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were finance...
Rajpal Yadav faces another blow as bank moves to auction two properties in Rs 16.61 crore loan recovery case; online bidding on September 9: ReportActor Rajpal Yadav's financial troubles escalate as two of his properties are set to be auctioned off to recover a staggering outstanding l...
Novelis targets debt reduction as it aims to bring leverage below 4xBy fiscal year-end, Novelis expects its net leverage ratio to fall beneath four times, as they wind down their peak capital expenditure eff...
PNB Housing Finance shares rally 5% after Q1 profit rises 4% YoY, loan assets jump 15%PNB Housing Finance shares gained after the lender reported steady Q1 earnings, supported by loan book expansion, stable asset quality and ...
Higher funding costs, rising competition may weigh on Muthoot FinanceMuthoot Finance shares dropped nearly eight percent after reporting lower net interest margins. Loan yields are expected to remain under pr...
She invented a business, got $41,381 in PPP loans and still won't spend a day in prisonAn Illinois woman confessed to fraudulently obtaining government aid via a fake business, netting over forty thousand dollars from two Payc...
ICICI Securities initiates coverage on 7 PSU banks with positive valuationsICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for ...
RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
Bank credit to industry up 19%, personal loans stay strongBanking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to las...
DHFL Rs 32,930 crore fund diversion case: CBI court orders charges against Wadhawan brothersIn an order pronounced on Thursday, special judge Sanjeev Kumar Malhotra directed that the Wadhawan brothers face charges under various sec...
Loan growth remains strong, shows latest RBI sectoral dataBanking credit to industries showed robust growth, increasing 19.2 percent year on year. Personal loan growth also remained strong, rising ...
Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...
Canara Bank recovers loan on a Sunday: Woman says account was emptied without her consent; court orders Rs 45,000 payoutA Kerala consumer commission has ordered Canara Bank to pay Rs 45,000 in compensation and costs after it automatically debited Rs 53,463 fr...
Gold loan NPAs may rise as NBFCs shift to monthly installments, ICRA projects market growthGold loan NPAs may increase as lenders shift to monthly installments. The overall gold loan market is projected to grow over thirty percent...