The horoscope tomorrow for 25th May 2026 highlights a powerful mix of ambition, emotional awareness, relationship harmony, and financial di...

India's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...

National Asset Reconstruction Co Ltd, or NARCL, will acquire the Rs 1000 crore debt of Kay Bouvet Engineering. Banks sought challenging bid...

It is called “shadow banking” for a reason. Private credit serves a purpose as it caters to borrowers who fall between bank underwriting st...

Lenders are now turning to AI-led models which can reduce the cost of each collection journey. This is opening a business opportunity for n...

After 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...

The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, have bee...

The statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced...

The bank, which is embroiled in a Rs 14,000-crore scam, says it is strengthening its recovery efforts with innovate recovery mechanisms and...

Tribunal raises doubts over ‘unnatural’ facts in the application

The bank with around 2000 branches and total business of around 2 lakh crore had a recovery of around 400 crores in 2nd quarter.

On 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...

Not utilizing the loans for a specific purpose or siphoning off funds, or disposing off assets are some of the other factors.

Banks pay 2-5% of the written-off account as cash incentive, which is generally shared by the entire team that works on the recovery.

The bill will amend the SARFAESI Act and RDBF Act so as to strengthen the regulatory and institutional framework related to recovery of deb...

According to DFS Secretary D K Mittal, 4sections of the RDBF Act, 1993, and 6 sections of the SARFAESI Act, 2002, will be amended.

MFIs are a great improvement on moneylenders charging 60% and using force to seize assets