Articles for Full Repayment

Top news of the day: September 13, 2023
1 year, 6 months ago

Top news of the day: September 13, 2023

The Hindu  

Three security personnel killed in Anantnag encounter Three security force officers including an Army Colonel were killed in a gunfight with terrorists in Kokernag area of Kashmir’s Anantnag district, officials said in Srinagar on September 13. NIV teams to arrive in Kerala following Nipah confirmation; virus is Bangladesh variant: State Health Minister Veena George Teams from National Institute of Virology, …

India Kerala Delhi Sanatana Dharma Russia Supreme Court School
RBI has said that banks and NBFCs will have to release property documents withing 30 days of repayment of a loan
1 year, 6 months ago

RBI has said that banks and NBFCs will have to release property documents withing 30 days of repayment of a loan

Op India  

In a big relief for borrowers, the Reserve Bank of India informed that banks and Non-Banking Financial Corporations have to release documents of properties and collateral mandatorily within 30 days of settling a loan. * Have to remove encumberance within 30 days, and return docs * Docs can be returned from any branch, not just home branch of customer * …

Property Documents Loan Rbi Banks Release 30 Days
RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan
1 year, 6 months ago

RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan

The Hindu  

The Reserve Bank of India has issued directions to Regulated Entities such as banks and non-banking finance companies to release all the original movable / immovable property documents and remove charges registered with any registry within a period of 30 days after full repayment/ settlement of the loan account. “However, it has been observed that the REs follow divergent practices …

Property Documents Loan Rbi 30 Days Movable Original
Lending apps thrive on India's Google Play despite policy violations
4 years, 2 months ago

Lending apps thrive on India's Google Play despite policy violations

The Hindu  

At least 10 Indian lending apps on Google's Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such services and more than a dozen users. "Predatory loan apps with high processing fees, short tenures and steep penalty charges on default are leading …

India Indian Google Loan Apps Play Rbi
Loan apps remain on India Google store despite violations, deaths
4 years, 2 months ago

Loan apps remain on India Google store despite violations, deaths

Al Jazeera  

Indian officials are investigating dozens of lending apps following the suicides of at least two borrowers in the past month. At least 10 Indian lending apps on Google’s Play Store, which have been downloaded millions of times, breached Google rules on loan repayment terms aimed at protecting vulnerable borrowers, according to a Reuters news agency review of such services and …

India Indian Google Loan Apps Rbi Reuters
Dubai World considering 'full repayment' option: Report
15 years, 3 months ago

Dubai World considering 'full repayment' option: Report

The Hindu  

Dubai World is weighing two alternatives, including a “full repayment” option to pay back its debt amounting to more than $20 billion, a media report says. Citing sources close to the negotiations, the Sunday Times said, “a picture is beginning to emerge of how the rest of Dubai World’s debt pile might be repaid.” Giving details, the newspaper said the …

World Debt Billion Dubai Full Repayment Dubai World Option Report