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LOAN GUARANTOR RISKS
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Credit cover for collateral-free education loans may be raised at inter-ministerial consultationsThe government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceedi...
- Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this caseIf the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...
- BoB looks to sell Rs 2,700 crore of NPAs; taps ARCs, NBFCsBank of Baroda is selling a ₹2,776 crore portfolio of 41 stressed loans, including nine declared fraud accounts like Ushdev International a...
- Lending money to friends or relatives? These 8 hidden financial risks can drain your savings and peace of mind
- Lending money to friends or relatives? Why guaranteeing loans and personal lending can put your finances, credit score, and goals at riskWhen a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. So...
- He earns Rs 20 LPA, but father wants new house worth Rs 1.6 crore. 30-year-old stuck in loan vs savings dilemma seeks adviceA 30-year-old man earning Rs 20 lakh per year shared his dilemma online after his father planned to buy a Rs 1.6 crore house ahead of retir...
- Rs 30 lakh savings but dad demands Rs 50 lakh: Techie caught between his financial planning and father's business dreamsA 27-year-old software engineer with Rs 30 lakh in savings and a young family is facing emotional and financial pressure from his retired f...
- IBC helps personal guarantors resolve financial stress: MCAThe Insolvency and Bankruptcy Code (IBC) provides opportunities for defaulting firms and personal guarantors to restructure debts. The Mini...
- RBI proposes to bar recovery agents from calling borrowers before 8 am, after 7 pm"The underlying principle of the proposed directions is that the RE should ensure that outsourcing arrangements neither diminish its abilit...
- RBI imposes monetary penalty on Varachha Co-operative BankThis penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4...
- Supreme Court verdict: Banks explore option of invoking personal guarantee of promotionErstwhile promoter Wadhawan stands guarantee to loans taken by DHFL, which is sitting on debt of about Rs 90,000 crore, while Dhoot has als...
- Risks in being a loan guarantor and how to deal with themDefault by the borrower could impact your credit score and jeopardise your chances of taking a loan in future. If these precautions are not...
- Risks of becoming a loan guarantor and what to do in case of loan repayment defaultLoan defaults are bad news for people who have stood as guarantors to loans taken by friends and relatives. Most people know that a guarant...
- ET view: Insolvency regulator must change trackAt risk, is only the risk capital that the promoter has invested in the enterprise.
- Learn with ETMarkets: Personal guarantees in banksWith a sharp rise in bad loans -new or restructured loans -lenders are seeking personal guarantee as an assurance so that the borrower has ...
- Government asks all state banks to invoke personal guarantees in cases of defaultThe ministry circular states that in the event of default in repayment by the borrower company, all the guarantors are liable to repay the ...
- Should you guarantee a loan?To repay the loan you stood as a guarantor, you in turn may need to take a loan, which has the potential to be destabilizing in nature.
- When to use a personal loan to finance your business?If your business is in the ideation stage or yet to start up, you will find it extremely difficult to raise money through a business loan.
- Things you should know before agreeing to be a guarantor for a loanBy standing guarantor for another person’s loan, you will reduce your own loan eligibility to the extent of the amount of loan that you sta...
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