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WHAT BANKS CAN DO AFTER LOAN DEFAULT
RBI issues directions on fixed, floating rate loans: What changes for home, personal, MSME loans and existing borrowersThe Reserve Bank of India has proposed a new framework for loan interest rates. This framework aims to bring more uniformity and transparen...- 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...
- RBI invites public comments on draft rules to standardise how lenders set interest ratesThe Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across variou...
- AI in this decade is what digitsation was in the last: RBI governorBanks must understand artificial intelligence deployment for future success. AI can enhance financial inclusion and improve existing public...
- These 6 banking stocks have an upside potential of up to 25% in 1 year, according to analystsThis is worth noting: Despite sustained periods of FPI selling, banking stocks have not corrected to the extent one might have expected, es...
- Woman took a home loan at 12% interest, but Citi Bank charged up to 16.5% and recovered Rs 12.9 lakh extra; consumer commission orders refund and Rs 1 lakh compensationCiti Bank has been ordered to refund Rs 12,91,248 to a home loan borrower after the Delhi State Consumer Disputes Redressal Commission foun...
- RBI Governor Malhotra outlines which Indian banks will win the AI eraRBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain cl...
- Rs 20,000 crore credit guarantee plan misses the markBanks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with s...
- The hidden financial curriculum of studying abroadIndian families often overlook financial planning while preparing for overseas education, despite its high cost. Early forex planning, comp...
- NBFC gold loans continue near 70% growth, reach Rs 3.41 lakh crore in June: RBINon-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June...
- Student loans, GoI reading this rightIn a groundbreaking move, the government is set to double education loan disbursals across the country, enabling greater access to higher e...
- How companies create fake cash in books, and take investors for a rideCash is the item on a balance sheet that most investors accept without argument. Revenue can be recognised early, inventory can be overvalu...
- RBI changes loan recovery rules:: No harassment, recorded calls, strict recovery agent code & moreThe Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks pro...
- RBI allows gradual device restrictions for EMI defaults, eases recovery agent disclosure normsThe Reserve Bank of India will permit lenders to restrict devices bought on EMI financing. These restrictions will be gradual and only afte...
- Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCsShares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively ba...
- RBI relaxes device-loan recovery normsThe Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...
- RBI bars banks from disabling mobile devices of defaulting borrowersBanks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were finance...
- Rajpal Yadav faces another blow as bank moves to auction two properties in Rs 16.61 crore loan recovery case; online bidding on September 9: ReportActor Rajpal Yadav's financial troubles escalate as two of his properties are set to be auctioned off to recover a staggering outstanding l...
- RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
- AI Big Short? Why rising credit default swaps are spooking investors and how is it similar to 2008 housing crisisRising credit default swaps on major technology companies are fuelling concerns over a potential AI-driven market correction. Investors are...
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