OTS scheme slows down recoveries from retail portfolios for ARCs to 35 pc, stretch timelines: ReportThe ARCs have started following measured steps to ensure realizations, which has slowed down the pace of recovery, and the recovery timelin...
Supreme Court junks Supertech plea over ‘settlement’ orderThe company's account was classified as NPA in 2018 after it could not repay a loan of `678 crore that was disbursed by the consortium of l...
'You don't go after big fish but harass poor farmers': SC to Bank on OTS schemeDuring the hearing, the bench said, "You don't go after big fish and only harass poor farmers, who have paid 95 per cent of the amount. The...
Rs 19.22 crore collected under one time settlement scheme of MePDCL: MinisterThe OTS launched in November last year will end on the last day of this month and consumers can avail a waiver of 30 per cent of the delay ...
Deadline for OTS gets extension till September 30 in Uttar PradeshIn a communique to the housing board and various development authorities, the UP housing and urban planning department has laid down detail...
- Making efforts to cut bad loans to come out of PCA framework: Indian Overseas Bank
The Chennai-based lender had returned to black, registering a net profit of Rs 144 crore in the January-March quarter of the fiscal ended M...
GTL comes clean in forensic audit, lenders set to pursue one-time settlementStandard Chartered Bank acting on behalf of its Mauritius counterpart has indicated to lenders that it would withdraw its winding up petiti...
Farm loan waivers upset credit discipline: Arundhati BhattacharyaAhead of the recently concluded assembly elections in Uttar Pradesh, the BJP had promised to bring in a loan waiver scheme for farmers in t...
Borrowers in Goa dependent on mining opt for one-time settlement scheme for debt repaymentThe scheme supported by state govt's subsidy of 35 per cent on the principal amount coupled with the interest waiver offered by banks, have...
SBI approves one-time settlement for mining-hit borrowers in GoaThe bank has proposed 30 per cent waiver on principle loan amount to the truck owners and 40 per cent to the barge owners.
Won't force banks for one-time settlement to mining dependents: Goa CM Manohar ParrikarA day after one of Goa's leading financial institutions refused one-time settlement on loans given to mining dependents, Parrikar said the ...
- Banks offer up to 25% rebate to better farm loan recovery
Some public sector banks are offering as much as 25% rebate to improve recovery on their farm loans, providing substantial relief to farmer...
- Banks can give more comforts to farmers: RBI
Public sector banks have been authorized to give more relief to farmers under the debt relief scheme, provided the lenders do not ask the g...
- Banks can give more comforts to farmers: RBI
Public sector banks have been authorised to give more relief to farmers under the debt relief scheme, provided the lenders do not ask the G...
- Loan-waived farmers may light up rural economy
The farmer perhaps hasn’t had it this good in decades. In the afterglow of the FM’s Rs 60,000-crore farm loan waiver-cum-one time settlemen...
- OTS scheme,a boon to trade: PHDCCI
PHD Chamber, on Wednesday, welcomed Punjab Government's decision on launching a scheme for one-time settlement to clear sales tax arrears o...
- One-time loan settlement will ease farmer woes
On the basis of an interim report submitted by a working group constituted by the RBI under the chairmanship of SS Joshi, the central bank ...