Bank Loan

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Bank Loan - Total results - 17
Karnataka man sets bank on fire after his loan request gets rejected, say police
India

Karnataka man sets bank on fire after his loan request gets rejected, say police

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
Business

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

Coronavirus Outbreak: NBFCs ask RBI for one-time restructuring of all loans till March 2021
Business

Coronavirus Outbreak: NBFCs ask RBI for one-time restructuring of all loans till March 2021

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
Business

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'
Business

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 power to employ bouncers to recover loans forcefully: Govt
Business

No bank has power to employ bouncers to recover loans forcefully: Govt

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
Business

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
India

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
Business

Vijay Mallya diverted most of Rs 6,000 cr loan via shell firms; CBI, ED to give details to UK court

Vijay Mallya diverted most of Rs 6,000 cr loan via shell firms; CBI, ED to give details to UK court

Waiting for loan waiver, Punjab farmers stop repaying banks; 30% accounts turn 'irregular'
Business

Waiting for loan waiver, Punjab farmers stop repaying banks; 30% accounts turn 'irregular'

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.

Small businesses suffer as India's NPA-ridden banks sit on deposits
Business

Small businesses suffer as India's NPA-ridden banks sit on deposits

The bulk of India's $150 billion in soured loans are owed to state-run lenders that dominate the banking system.

Vijay Mallya’s arrest is fine, but he can confuse UK judges and get away if India isn’t watchful
Business

Vijay Mallya’s arrest is fine, but he can confuse UK judges and get away if India isn’t watchful

India needs to prove that Mallya had been bluffing, and that may be a bit difficult.

Exclusive: Balancing act in Budget 2017 is a curse for the poor, writes Yogendra Yadav
Politics

Exclusive: Balancing act in Budget 2017 is a curse for the poor, writes Yogendra Yadav

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

Vijay Mallya PMLA case: ED to attach assets worth Rs 6,000 cr
Business

Vijay Mallya PMLA case: ED to attach assets worth Rs 6,000 cr

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

RBI fixed guarantors' responsibility 2 years ago but not their credentials
Business

RBI fixed guarantors' responsibility 2 years ago but not their credentials

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

Want a loan? 7 things you should know about salary overdraft
Investing

Want a loan? 7 things you should know about salary overdraft

This loan is is a revolving line of credit based on your salary with the bank account. To know more read on.

How guaranteeing a loan can affect your credit score and history
Investing

How guaranteeing a loan can affect your credit score and history

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