Articles for Loan Accounts

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL
3 months, 4 weeks ago

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL

Hindustan Times  

MUMBAI: The Mumbai zonal unit of the Enforcement Directorate has provisionally attached movable and immovable assets worth ₹43.52 crore as part of its money-laundering investigation related to a ₹1,438.45 crore bank loan default case involving metal trading company Ushdev International Limited and others. The loan funds granted to Mumbai-headquartered UIL were allegedly diverted to different entities in the “guise of …

India Mumbai Bank Uil Loan Accounts Fraud Ed Ed Assets
Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024
5 months, 3 weeks ago

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024

The Hindu  

As the stage is being set for the roll put of the crop loan waiver scheme, Telangana Government is making necessary arrangements to credit the amounts into loan accounts of farmers in different banks. ₹31,000 crore additional burden The total additional burden on the State exchequer on account of loan waiver up to ₹2 lakh, in Chief Minister A. Revanth …

Farmers Loan Minister Crop Loan Waiver Waiver Lakh Loan Accounts
90% of borrowers of MFIs utilised loans for income-generating activities in Karnataka
1 year, 3 months ago

90% of borrowers of MFIs utilised loans for income-generating activities in Karnataka

The Hindu  

Microfinance institutions, which are playing a key role in providing credit to the poor, particularly women SHGs, have increased their clients from 4.2 million to 9.9 million in the last decade, and registered a growth of 132%. According to the report, ‘Microfinance in Karnataka’ commissioned by Association of Karnataka Microfinance Institutions, while MFIs loans have created a positive impact in …

Karnataka Tamil Nadu Districts Loans Loan Microfinance State
New RBI rules to regulate penal charges on loans from next year
1 year, 4 months ago

New RBI rules to regulate penal charges on loans from next year

Live Mint  

The Reserve Bank of India has issued instructions for penal charges in loan accounts to ensure transparency in the disclosure of penal charges and interest rates in loan accounts. RBI has issued the following instructions 1)Penalty, if charged, for non-compliance of material terms and conditions of the loan contract by the borrower shall be treated as ‘penal charges’ and shall …

Loan Interest Rates Interest Charges Rbi Res Terms
Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
4 years ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

Loans Loan Banks Accounts Loan Accounts Ratio Npas
Can Banks Continue SARFAESI Proceedings With Respect To Loan Accounts Declared As NPA Prior To Lockdown? Kerala HC Seeks Response From Centre,State [Read Order]
4 years, 4 months ago

Can Banks Continue SARFAESI Proceedings With Respect To Loan Accounts Declared As NPA Prior To Lockdown? Kerala HC Seeks Response From Centre,State [Read Order]

Live Law  

The Kerala High Court has sought response from the Central Government about the banks' plea seeking permission to continue SARFAESI proceedings with respect to loan accounts which were declared as NPA prior to the declaration of lockdownThe Full bench comprising the Chief Justice S. Manikumar, Justices CT Ravikumar and Shaji P. Chaly was considering an application filed by State Bank …

Supreme Court Court Order Loan Accounts Npa Sarfaesi Sarfaesi Proceedings
Road Construction Companies Move Delhi HC Seeking Restructuring Of Loans Citing Economic Crisis
4 years, 6 months ago

Road Construction Companies Move Delhi HC Seeking Restructuring Of Loans Citing Economic Crisis

Live Law  

A petition has been filed before the Delhi High Court by road construction companies, seeking for a one-time restructuring of loan accounts in wake of the debilitating financial landscape due to the COVID-19 pandemic. Filed by Advocates Kotla Harshavardhan, Japneet Kaur and Mansi Sood on behalf of Bharat Road Network Limited and other road construction companies, the plea states that …

Construction Companies Restructuring Road Covid Rbi Plea
PMC Bank scam: 12,000-page second charge sheet filed
4 years, 11 months ago

PMC Bank scam: 12,000-page second charge sheet filed

The Hindu  

The Economic Offences Wing of the Mumbai Police on Wednesday filed a second charge sheet into the ₹6,670 crore Punjab and Maharashtra Cooperative Bank fraud case. The charge sheet, which goes beyond 12,000 pages, names seven former directors and auditors, including Rajneet Singh, the son of former Bharatiya Janata Party MLA Sardar Tara Singh. The EOW in its first charge …

Bank Charge Fir Sheet Directors Eow Loan Accounts
Average MF ticket size, exposure per borrower continue to go up
5 years, 2 months ago

Average MF ticket size, exposure per borrower continue to go up

Deccan Chronicle  

Chennai: Steady growth in average ticket size and exposure per borrower in micro finance has become a cause of worry for industry observers. More worrying is that this growth was a result of impact of rise in average ticket size combined with increase in exposure per borrower owing to increased lending to existing borrowers or extension of credit by a …

Growth Average Ticket Number Cent Borrowers Size