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BORROWER RIGHTS LOAN RECOVERY
Finance company sent recovery agents at midnight to seize vehicle, sells without giving notice; Supreme Court orders Cholamandalam Finance to pay Rs 15 lakhCholamandalam Investment and Finance Company has been ordered to pay a truck owner around Rs 15 lakh in total after seizing and selling his...- UPI vs credit cards - How India's payments system is boosting savings and benefitting multiple stakeholdersThe Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings rates along with a growth in credit...
- The rise of asset-backed borrowing in India's credit ecosystemAsset-backed borrowing is gaining traction in India's credit market, particularly through gold-backed lending, which provides essential liq...
- NaBFID plans to raise $1.5 billion via overseas bondsNaBFID is set to initiate the raising of $500 million via a 10-year overseas bond, while simultaneously negotiating a $1 billion MIGA-backe...
- SBI debits Rs 19.9 lakh for late spouse’s loan, freezes salary account despite not part of the debt; High Court orders it to pay widow Rs 20.9 lakhAllahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit to recover her late husband’s perso...
- Oracle's $18 billion data center debt under pressure, FT reportsThe development comes amid concerns that growing local opposition to the project over fears it would impact water supply and air quality co...
- SoftBank adds $21 billion to AI firepower in new debt dealsThe Japanese conglomerate increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, people...
- Rs 40 lakh home loan: The EMI looks cheaper at 30 years, but there’s a costly catch, warns CACA Nitin Kaushik explained how home loan tenure can dramatically affect total interest. On a Rs 40 lakh loan at 9%, a 10-year tenure means ...
- US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing marketUS mortgage rates have climbed close to 7%, putting further pressure on an already sluggish housing market. The average 30-year fixed mortg...
- What is an approved project and why does it matter when buying a home?Securing lender approval for real estate projects significantly simplifies the home loan process. Each project is meticulously evaluated th...
- US Fed Rate Hike: What it means for your money and investmentsThe US Federal Reserve’s quarter-point rate hike could raise borrowing costs for credit card and adjustable-rate mortgage borrowers while b...
- SC asks RBI to secure compliance of norms on seizure of financed vehicles by NBFCs, banksThe Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due l...
- Global Market | China’s slower loan growth is becoming the new normal: PBOC Governor Pan GongshengChina’s slower loan growth is emerging as a new normal as weakening property and local government sectors reduce credit demand faster than ...
- Should I take education loan or break my investments to pay Rs 21 lakh for my son’s MBBS degree?ET Wealth Reader's Query: I am 48, planning to fund my son’s MBBS degree at a private medical college. The fee is about Rs 21 lakh a year f...
- Why does the US bond selloff matter for global markets?
- Bengaluru CA took a Rs 1 crore home loan for 30 years. She shares how Rs 4,000 extra a month could save Rs 42 lakhBengaluru CA Meenal Goel explained how small, consistent home loan prepayments could potentially reduce interest costs significantly. Her p...
- First-time borrowers deepen credit reach: Credit uptake among eligible Indians more than doubled to 74% in March from 35% in 2017Consumer durable loans are leading new-to-credit customers into institutional borrowing. Gold loans and microfinance also significantly con...
- SoftBank gets upsized $11.9 billion loan in OpenAI funding pushThe latest borrowing would add to SoftBank’s wave of recent debt financing activities tied to its bet on OpenAI. That includes a $10 billio...
- Student or parent: Who should be the primary borrower for education loan? Check repayment and tax implications before decidingDetermining whether a parent or a student should take on an education loan is an important decision. Although the student is the main borro...
- Thinking of guaranteeing a loan? Think again; here’s how your credit score could suffer if the borrower defaultsBecoming a loan guarantor creates significant financial and credit obligations for individuals. The guaranteed loan appears on your credit ...
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