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LOAN DEFAULT WHAT BANKS CAN DO
Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...24 Jun, 2026, 09.06 AM IST- Banks can offer loans for FCNR (B), rebook deposits, RBI clarifiesIndian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...23 Jun, 2026, 06.56 PM IST
- RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrageThe Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move...23 Jun, 2026, 05.47 PM IST
- PSU banks lose gold loan sourcing share as private banks, NBFCs gain traction: ReportPublic sector banks are losing ground in the gold loan market to private lenders and NBFCs, which offer faster service and wider reach. Whi...23 Jun, 2026, 03.35 PM IST
- X, Reddit down: Why are Twitter and Reddit facing an outage and what you can do now?Twitter down: Major social media platforms X and Reddit experienced widespread outages across India, the US, and other regions on Monday. T...22 Jun, 2026, 08.11 PM IST
- Annuity flexibility, tax tweaks can accelerate NPS growth: Axis Pension Fund CEO Sumit ShuklaA senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the Nationa...22 Jun, 2026, 04.44 PM IST
- The smartphone is becoming India’s most important financial advisorIndia's financial landscape is rapidly digitizing, with smartphones becoming central to everyday money management. Once separate, banking a...22 Jun, 2026, 01.51 PM IST
- Banks seek RBI clarity on leveraged NRI FCNR deposit structuresIndian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, li...22 Jun, 2026, 05.30 AM IST
- Sena (UBT) crisis: Operation successful, says Fadnavis; I never leave operations incomplete, asserts ShindeMaharashtra Chief Minister Devendra Fadnavis declared "Operation Tiger" successful, indicating defections from the Shiv Sena (UBT) to the E...21 Jun, 2026, 09.55 PM IST
- Bain Capital CLO tranche defaults in post-2008 first for EuropeA European collateralised loan obligation managed by Bain Capital has defaulted on its most junior tranche, marking the first such failure ...20 Jun, 2026, 10.24 AM IST
- NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...20 Jun, 2026, 06.30 AM IST
- When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...19 Jun, 2026, 09.01 PM IST
- Meta in India doing what others can’t: Infrastructure head Santosh JanardhanMeta Platforms is set to build significant AI data centre capacity in India. The company is already working on a large data centre in Jamna...19 Jun, 2026, 03.16 PM IST
- Banks asked to track movable assets to aid loan recoveriesThe government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of...16 Jun, 2026, 11.57 PM IST
- Is Telegram banned in India? What you can and cannot do, and when the restrictions will endTelegram banned in India: Telegram users in India are facing two temporary restrictions this month. Access to the platform has been restric...16 Jun, 2026, 12.58 PM IST
- Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...10 Jun, 2026, 02.23 PM IST
- Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...09 Jun, 2026, 11.39 AM IST
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