The police have registered a case under Sections 435, 436 and 477 of the Indian Penal Code (IPC)
SC upholds Centre's notification permitting banks to proceed against personal guarantors under bankruptcy code
The top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions
Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown
Coronavirus Outbreak: Confusion prevails among borrowers over three-month moratorium as many get EMI reminders
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak
Coronavirus Outbreak: Vijay Mallya asks FM to consider his offer to repay Kingfisher Airlines' dues in 'time of crisis'
Embattled liquor baron Vijay Mallya, on Tuesday asked Finance Minister Nirmala Sitharaman to consider his repeated "offer to repay 100 percent" of the amount borrowed by now-defunct Kingfisher Airlines, in this time of coronavirus pandemic
No bank has the power to employ bouncers for forceful recovery of loans from customers, Union Minister of State for Finance Anurag Thakur said in the Lok Sabha on Monday
Kerala After Floods: Tourism hit with animal carcasses on backwaters, hill stations cut off; Rs 25,165 cr needed for rebuilding
The stain of death and devastation wrought by Kerala’s worst flood in a century will take longer than a season to wash away.
Denied by banks, transgender activist seeks help online for home loan; fears eviction from rented accommodation
Akkai Padmashali turned to Change.Org, a technology platform for social change which allows people to start and support campaigns on issues that concern them.
Vijay Mallya diverted most of Rs 6,000 cr loan via shell firms; CBI, ED to give details to UK court
At present, the total agricultural debt in Punjab is pegged at Rs 85,000 crore, of which total loan to farmers including marginal and small growers was Rs 72,700 crore.
The bulk of India's $150 billion in soured loans are owed to state-run lenders that dominate the banking system.
India needs to prove that Mallya had been bluffing, and that may be a bit difficult.
If you happen to view the Union Budget 2017 from the bottom of the pyramid, you will see that it only perpetuates the existing imbalance
The agency, sources said, has identified some pledged shares, associated immovable and movable assets of Mallya and his family members that would be seized and frozen as part of its action plan to widen probe in the case
It is good that the RBI in its September 2014 circular went tough on the guarantors of wilful defaulter but it should have at the same time made the credential of a guarantor also clear
This loan is is a revolving line of credit based on your salary with the bank account. To know more read on.
If lenders feel that the financial health of the end borrower cannot be determined standalone, or in case the borrower has no source of income, another option to get a loan processed includes involving a guarantor