To get the lien against your property removed, the lender may require the NOC from the lenders. The removal of lien may take up to 10 days.
The new regulatory framework will be effective form October next year
He said at the NBFC Summit that we should not compromise on the ethos of finance for mercurial or ephemeral gains
The bank has reduced the interest rates for vehicle loans to 6.85% and 6.50% for housing loans
Consider refinancing the loan with a reduced interest rate or other favorable terms from another lender if these negotiations do not go well
If it is difficult to ensure cash in ATMs in far flung areas, ATMs can be graded according to distance from cities & penalty calibrated accordingly.
At present, about 42% of rural ATMs are loaded once a week, while 20% are loaded twice every week. The rest are loaded with cash on alternate days
Stressed assets in these two segments are seen increasing to 4-5% and 17-18%, respectively, by the end of this fiscal
Interested candidates can apply now on the official website of State Bank of India
For borrowers who were in need of cash, possibly to meet a medical expense, they had to use whatever means they had available.