Bank Loan

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

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

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 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

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

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'

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.