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VEHICLE REPOSSESSION
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...16 Sep, 2026, 08.39 PM IST- GFF 2026: Mahindra Finance scales Sarvam voice AI partnership to 1 crore calls across 12 languagesMahindra Finance and Sarvam are deploying voice AI agents across India. These agents have completed over one crore calls in twelve Indian l...10 Sep, 2026, 02.27 PM IST
- 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...22 Jul, 2026, 02.28 PM IST
- Car repossessions hit 15-year high in America — experts warn this could signal a looming recessionCar repossessions US recession warning: Car repossessions in the United States have reached a 15-year high. Over 2.2 million vehicles were ...29 Oct, 2025, 07.41 PM IST
- M&M Fin down 10% post curbs on third-party recovery agents"The company has not outsourced any collection activities in its vehicle finance business to any third-party agencies and, therefore, the c...24 Sep, 2022, 09.42 AM IST
- M&M Financial tumbles 14% on RBI order to stop loan recovery via external agentsThe company has not outsourced any collection activities in its vehicle finance business to any third-party agencies and therefore, the com...23 Sep, 2022, 12.22 PM IST
- Mahindra Finance stops repossessions through third-party agents"In light of the recent tragic incident, we have stopped third-party repossessions and will further examine whether and how third-party age...23 Sep, 2022, 09.54 AM IST
- Car repossessions see sharp surge as used auto market in slow laneResellers are counting on more consumer bad news - a rising number of auto repossessions - to meet the gap in supply. The supply is expecte...20 Feb, 2022, 09.44 AM IST
- Delinquencies could become a big reason to worry for auto lendersIn March this year, the share of loans with payments pending for over 90 days past the due date (DPD) was highest since 2014 at 3.5 per cen...14 Oct, 2020, 05.22 PM IST
- Only 15% commercial vehicles are plyingOnly 15% of the 25 lakh commercial vehicles are plying across India. The worst affected are automobile carriers; out of 18,000 car carriers...13 May, 2020, 11.28 AM IST
- ‘Lender can’t seize defaulter's vehicle without notice’The National Consumer Disputes Redressal Commission on Friday ordered a private finance company to pay Rs 80,000 to a borrower whose tracto...08 Apr, 2018, 11.04 AM IST
- Private banks likely to quit auto loan businessPrivate banks say that absence of clear guidelines from the RBI prevents them from repossessing vehicles from defaulting borrowers. New Yor...10 Apr, 2009, 01.03 PM IST
- Financiers free to seize vehicles: HCIn a judgment that is bound to have far-reaching consequences, Calcutta high court on Tuesday allowed financiers to seize vehicles if custo...01 Apr, 2009, 08.40 AM IST
- Industry urges PM to ensure retail finance in auto sectorIndustry has urged Prime Minister Manmohan Singh to bring about some fundamental changes in the process of repossession of vehicles from lo...29 Mar, 2009, 12.01 PM IST
- Consumer panel raps finance company for repossessing vehicleThe Delhi Consumer Commission has rapped a finance company for forcibly taking back a vehicle from its owner after he defaulted in loan rep...05 Jun, 2008, 09.33 PM IST
- ICICI Bank told to return re-possessed car, pay Rs 50K fineThe ICICI Bank has been directed by a consumer court to pay Rs 50,000 compensation to a customer and return his Indica car forcibly reposse...26 Mar, 2008, 06.44 PM IST
- Might not right, court warns fin firmWarning loan goons to avoid resorting to ‘‘instant justice’’ for repossessing financed vehicles, the National Consumer Commission (NCCM) ha...29 Jul, 2007, 05.06 AM IST
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