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Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jul 03, 2015

Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jaitley should hurry on legislating a bankruptcy law; it is critical for the recovery of bank loans in many similar cases #RBI #finance ministry #Vijay Mallya #Loan recovery #Bankruptcy law #Zoom Developers #wilful defaulter #Bank NPAs #Vijay Choudhary
Rs 2,200 cr loan fraud: ED attaches Zoom Developers' Rs 1000 cr worth land in US

Jul 03, 2015

Rs 2,200 cr loan fraud: ED attaches Zoom Developers' Rs 1000 cr worth land in US

Last month, one of the directors of the company, Sharad Kabra, was arrested by the Indore ED #ED #Vijay Chaudhary #Zoom Developers #bank loan fraud #Sharad Cabra
Loan fraud: In a first, ED attaches land worth Rs 1,000 cr in US

Jul 02, 2015

Loan fraud: In a first, ED attaches land worth Rs 1,000 cr in US

For the first time ED had taken such an action in USA, an official said. #Enforcement Directorate #NewsTracker #Crime #US. Loan fraud
Public bank shares rise up to 6% on hopes govt will infuse more funds

Jul 01, 2015

Public bank shares rise up to 6% on hopes govt will infuse more funds

PSU banking shares rise over 4-5 percent as against 1.2 percent upmove in BSE Bankex #PSU banks #bad loans #BSE Bankex #Jayant Sinha #minister of finance
Here's how Income Tax Act encourages people to speculate in real estate

Jun 26, 2015

Here's how Income Tax Act encourages people to speculate in real estate

One of the well kept secrets of the Income Tax Act is that it encourages people to speculate in real estate. #HowThisWorks #Tax #Income tax #Home loan #Personal finance #Real estate
UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

Jun 23, 2015

UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken. #Economy #Pranab Mukherjee #P. Chidambaram #Kingfisher Airlines #InMyOpinion #Arun Jaitley #Vijay Mallya #PSU banks #bad loans #recapitalisation #Jan Dhan Yojana #Toxic Banks #TARP
Debt-ridden infrastructure, aviation among sectors stalling India's corporate growth

Jun 22, 2015

Debt-ridden infrastructure, aviation among sectors stalling India's corporate growth

Stressed assets are essentially those loans of banks where the borrower has either stopped to repay this loan or the loan has been restructured. #Business #Economy #RBI #Aviation #InMyOpinion #Infrastructure #MINING #textiles #loan #corporate #Deby #Iron and steel
In a flash! HDFC Bank launches 10-second personal loan disbursement scheme

Jun 18, 2015

In a flash! HDFC Bank launches 10-second personal loan disbursement scheme

The entire process of availing the loan is completely paperless, and users can simply log into their bank account via net-banking or mobile banking and avail of this loan at a click, a HDFc statement said. #HDFC Bank #Personal finance #Personal loan #PayZapp #Insatnt loan #GoDigital
Govt launches 'Housing for All' scheme, interest relief for urban poor

Jun 17, 2015

Govt launches 'Housing for All' scheme, interest relief for urban poor

The Union cabinet chaired by Prime Minister Narendra Modi accepted the recommendations of an Inter-Ministerial Committee to increase interest subvention to 6.50 percent on housing loans to beneficiaries belonging to economic weaker section (EWS) including slum-dwellers and low income groups (LIGs). #Narendra Modi #NewsTracker #Aadhaar #Housing loans #Aadhaar Enabled Bank Account #Urban poverty #Jan Dhan Yojana #Housing for All by 2022 #Low income groups #Economic weaker section #National Urban Housing Mission