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Banks seek clarification on compromise
A few days ago, RBI had said that banks could accommodate defaulters with fresh loans after a ‘cooling off’ period of a year after a compromise se
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Cibil scrore alone can’t decide student loan: HC
In a bid to ease the process of loan reception and repayment for common men, both Kerala and Patna high courts have delivered rulings that have put ba
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PSBs asked to recover written-off loans
The Department of Financial Services is likely to hold a meeting soon with senior officials of the public sector banks
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Rules changed to provide cheaper electricity to consumers
The government has amended power supply rules to provide affordable power to consumers and help state distribution companies meet demand at a lower co
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The limits of loan melas
Loan melas might be held from next month with an eye to push spending but would it raise aggregate demand in the economy as jobs would?
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Bank NPAs expected to rise to 8-9% in the current fiscal
Stressed assets in these two segments are seen increasing to 4-5% and 17-18%, respectively, by the end of this fiscal
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NARCL bags RBI licence
The band bank hopes to recover between Rs 50,000 crore and Rs 64,000 crore of NPA.
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NPAs worth Rs 6 crore recovered by Bombay Mercantile Bank in FY21
The bank was had been strategising policy through personal follow-ups and legal steps to recover NPAs.
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NBFCs asset under management shrinks in Q1 FY22: Report
The headline asset quality numbers are expected to moderate, as the trend in the collection efficiencies (CE) continues to remain encouraging
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Secured vs unsecured loan: Know these important differences
Generally, secured loan amount can go up to Rs 3 crore and above. People pledge home, property or even gold to take this type of loan.
