What 6 Indian banks vs Singapore’s GVK unpaid loans case in London high court is all about
GVK group's GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks' knowledge.
UBS Warns Unsecured Loans May Soon Face Risk of Defaults
The brokerage sees credit costs for Indian lenders climb toward “historical averages” as more unsecured retail loans turn sour, with state-run banks more vulnerable to this trend, compared to their private sector counterparts.
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RBI flags financial stability risks from unsecured loans, asks lenders to smell where crisis is likely to come up
Earlier in the day, Das said certain components of personal loans are recording very high growth and the RBI is closely monitoring the same for any signs of incipient stress.
India cenbank sets up working group to assess new proposal on loan loss provisions
The newly constituted working group would be chaired by R. Narayanaswamy, former professor at IIM Bangalore, the RBI added.
The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%
Mortgage rates have been climbing along with the 10-year Treasury yield, which lenders use as a guide to pricing loans.
Prison medical officer not looking into my health problems, Jet Airways founder Naresh Goyal complains to court
The FIR was registered on the bank’s complaint alleging that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of Rs 848.86 crore, of which Rs 538.62 crore were outstanding.
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How RBI’s measures can help you save on home loan interest outgo | Simply Save
Home loan borrowers saddled with high interest rates could now find it easier to switch to lenders who offer cheaper loans. Reserve Bank of India (RBI) asked banks and non-banking finance companies (NBFC) to clearly communicate the impact of any rate change on the EMIs and loan tenure. To understand RBI’s stance and the impact on borrowers in detail, Moneycontrol spoke to Vipul Patel, Founder, MortgageWorld, a loan consultancy firm. Listen in
Banks to pay Rs 5,000 a day for delay in returning property documents: RBI
The Reserve Bank of India said original property documents must be returned within 30 days of borrowers settling their personal loans.
Don’t be loanly: Perk up your credit profile with these tips
By carefully selecting the appropriate loan product and ensuring timely repayment, borrowers can enhance their credit score, opening the door to better deals and lower interest rates.
Personal loans – How to make a personalized financial agenda
A financial plan is a roadmap or a strategic decision-making process of how one can allocate their funds in a proper manner in order to achieve their short- or long-term goals
Your bank can auction your property if you default on EMIs
On August 20, the Bank of Baroda issued a public notice saying Bollywood actor Sunny Deol had unpaid dues on a loan he had taken. The notice was later withdrawn but banks and lending institutions aim to recover their outstanding dues by seizing the defaulter's property and auctioning it as per the SARFAESI Act of 2002
What happens if you default on your gold loan?
Gold loan lenders are regulated entities and provide written notice of default before initiating legal action against a defaulter. This notice does not intend to convict borrowers or strip their rights, instead offer a specified period to repay the outstanding dues.
From Aircons to Cars and TVs, India’s HDFC Bank Wants to Give Loans For Everything
The Mumbai-based bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months, said Kaizad Bharucha. The HDFC Bank deputy managing director said his firm can now offer home loans at more than three times the locations following its merger with HDFC Ltd. and that’s just the start.
Loans against FDs rise over 46% YoY in June, the highest growth in a decade
Most Indian banks are offering loans between 85 percent and 95 percent of the value of customers' FDs
Centre directs banks, civic bodies to work in tandem on scheme for loans to street vendors
Union MoS for Finance Bhagwat K Karad asked civic bodies to review the applications returned by banks and resubmit them after rectification.
RBI’s framework on floating rate loans to protect consumers, say experts
The proposed framework will enable borrowers to make informed decisions on whether to switch between fixed and floating rate regimes when there is a change in the interest rate
Moneycontrol Selects: Top stories this afternoon
Our specially curated package of the big stories to help you stay at the top of your game.
RBI holds interest rates: Who wins, who loses
Reset on home loan and other floating rate loans to be made more transparent. This measure would not make interest rates beneficial for you, but you would have more rights as a customer.
Taking A Car Loan? How To Choose Between Fixed And Floating Interest Rates?
Getting the best interest rate for you loan is what we all dream of when buying a car or a home. But it can get confusing when one has to choose between a fixed interest rate or a floating interest. Watch this video, as we talk about these interest rate options and the difference between them.
Don't make these five credit card mistakes or you'll be in debt forever
Credit card debts must be carefully managed for long-term financial security. Most credit card holders tend to make a few common mistakes that take them deeper into debt.
Dhanlaxmi Bank Q1 net profit at Rs 28 crore
On the asset quality side, the bank witnessed improvement with the gross non-performing assets (NPAs) easing to 5.21 per cent of the gross advances by June 2023 from 6.35 per cent a year ago.
The Strategy To Repay Debt Systematically | Debt Repayment Methods Explained!
Managing debts can be a very daunting task. All the loans along with daily expenses is something that can take a heavy toll on your finances. But there are a few ways by which you can make the repayment process seamless. Watch this video to find out.
