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LOAN RECOVERY INNOVATIONS
Horoscope Tomorrow, 2 June 2026: Which Zodiac Signs Will Benefit Most from Career Growth and Financial Stability?The horoscope tomorrow points toward growth, communication, patience, and strategic decision-making across all zodiac signs. Whether you ar...- Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh ShahNilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations...
- Quad vows to invest $20 billion towards critical minerals supply chainsIndia, Australia, Japan, and the US are pooling up to $20 billion to bolster critical minerals supply chains. This initiative aims to reduc...
- Horoscope Tomorrow, 25 May 2026: Big Career Opportunities & Emotional Breakthroughs AheadThe horoscope tomorrow for 25th May 2026 highlights a powerful mix of ambition, emotional awareness, relationship harmony, and financial di...
- Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...
- NARCL to take over Rs 1000 crore Kay Bouvet debtNational Asset Reconstruction Co Ltd, or NARCL, will acquire the Rs 1000 crore debt of Kay Bouvet Engineering. Banks sought challenging bid...
- Understand private credit: It may be a word you will soon hear more often in the stock marketsIt is called “shadow banking” for a reason. Private credit serves a purpose as it caters to borrowers who fall between bank underwriting st...
- Lenders say AI to fintech startups for debt collectionLenders are now turning to AI-led models which can reduce the cost of each collection journey. This is opening a business opportunity for n...
- Munnabhai redux: UCO Bank sends sweets to top 10 defaultersAfter the country's largest bank, the State Bank of India, another state-run lender, UCO Bank, has come out with a circular asking its bran...
- Bad loans worth Rs 10 lakh cr written off by banks in last five financial years, says Nirmala SitharamanThe non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, have bee...
- RBI wants fintech operators to follow rules of game, says Guv Shaktikanta DasThe statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced...
- Passports of 150 defaulters impounded due to its effort, says PNBThe bank, which is embroiled in a Rs 14,000-crore scam, says it is strengthening its recovery efforts with innovate recovery mechanisms and...
- NCLT rejects Gemini’s bankruptcy petitionTribunal raises doubts over ‘unnatural’ facts in the application
- United Bank of India gains in recovery front after demonetisationThe bank with around 2000 branches and total business of around 2 lakh crore had a recovery of around 400 crores in 2nd quarter.
- Bad loan recoveries 'good' so far in Q2, says State Bank of IndiaOn auctions of mortgaged assets in the recent past, he said the process is being received well but declined to give details of the money ra...
- Wilful defaulter tag on Vijay Mallya to choke fund flowNot utilizing the loans for a specific purpose or siphoning off funds, or disposing off assets are some of the other factors.
- PSBs like SBI, Bank of Baroda, Bank of India reward staff to recover small loansBanks pay 2-5% of the written-off account as cash incentive, which is generally shared by the entire team that works on the recovery.
- Government approves changes in two banking laws for banks to recover dues and deal with non-performing loansThe bill will amend the SARFAESI Act and RDBF Act so as to strengthen the regulatory and institutional framework related to recovery of deb...
- Govt clears changes in laws to deal with bad loansAccording to DFS Secretary D K Mittal, 4sections of the RDBF Act, 1993, and 6 sections of the SARFAESI Act, 2002, will be amended.
- MFIs yes, coercion noMFIs are a great improvement on moneylenders charging 60% and using force to seize assets
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