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LOAN REPAYMENT HARASSMENT
Man dies by suicide in Latur; case registered against employees of 4 finance firmsDattatraya Suryakant Kumbhar, a farm labourer, was found hanging at his home in Rani Ankulga village. His suicide is linked to alleged hara...- Compensation of Rs 100 to Rs 5,000 per day for delay by bank in processing your request in these 5 situationsFrom stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer ...
- 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...
- Divorce dispute turns into legal battle: The financial costs a husband may faceThe aftermath of matrimonial disputes often lingers long after a marriage has ended, imposing hefty financial and legal challenges on men. ...
- Defaulted on your loan? Here's what banks can legally do and what they can'tMissing a single loan EMI doesn't lead to immediate bank intervention; instead, lenders often issue reminder calls and formal notices first...
- When easy EMIs become a trap: 85% of struggling borrowers spend over 40% of their income often to predatory lendersA nationwide survey reveals thousands of Indian borrowers are trapped in debt due to easy credit, with 85% dedicating over 40% of their inc...
- Next Cabinet meet to discuss Ordinance to rein in MFI loan recovery methods, says Karnataka CMThe Karnataka CM announced that the next Cabinet meeting will address an ordinance to control unlawful loan recoveries by micro-finance ins...
- Siddaramaiah talks tough on MFIs employing goondas to recover loansThe State Government has decided to take strict action against micro-finance institutions (MFIs) demanding high interest rates and harassin...
- Frame standard protocol for vehicle seizure in case of loan default: RBI to BanksThe Reserve Bank of India and banks are developing a standard procedure for vehicle seizures when borrowers default on loans. This initiati...
- Illegal digital lending apps driving citizens to suicide, says Ministry of Home AffairsThe ministry has noted that "many of these illegal lending apps may not be regulated entities by RBI and are using bulk SMS, digital advert...
- What to do if loan recovery agent bothers you?Agents bothering for loan recovery might seem to be a small issue but there are cases where people have committed suicide or suffered menta...
- Some lending apps thrive on India's Google Play despite policy violationsSome of these apps apply steep processing fees.
- Loan repay demand by official is not abetment to suicide: HCA bench of Justices Vinay Deshpande and Anil Kilor held that the petitioner, Rohit Nalawade, who was booked under IPC Section 306 (abetment...
- 2 Chinese among 4 held for running instant loan appThe investigation based on a complaint here, revealed the prime accused to be operating from China, the police said. The two Indians had be...
- Harassment by instant loan apps firms: Chinese national among 3 arrested by Telangana policeThe action comes close on the heels of the arrest of four people, including a Chinese national, on Friday for allegedly using coercive meth...
- Harassment for loan repayment amounts to abetment of suicide: HCThe Bombay HC has ruled that continuously attacking a family man, both verbally and physically,amounts to "instigation and provocation" to ...
- MDMK leader Vaiko among 230 arrested for 'rail roko' stirMDMK leader Vaiko and several others, including farmers, were today arrested when they attempted to stage a 'rail roko' agitation at Kovilp...
- MDMK leader Vaiko among 230 arrested for 'rail roko' stirMDMK leader Vaiko and several others, including farmers, were today arrested when they attempted to stage a 'rail roko' agitation at Kovilp...
- Banks may base education loans on placement trackFaced with rising bad debts in their education loan portfolios that are not backed by collateral, banks are looking at the placement record...
- Court pulls up Standard Chartered Bank for harassing customerProsecuting banks and individuals who use false affidavits to implicate people in criminal cases would act as a deterrent, a court here sai...
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