Search For "loan recovery"
RBI to issue draft guidelines for protecting customers from mis-selling, a
Updated : 1 week, 3 days ago IST
Reserve Bank of India Governor Sanjay Malhotra on Friday proposed to issue three draft guidelines for customer protection: one, relating to mis-selling; two, regarding recovery of loans and engagement of recovery agents; and three, on limiting liability of customers in unauthorised electroni
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Kerala Govt tables bill to safeguard families' sole homes from banks' atta
Updated : 5 months, 3 weeks ago IST
"This is a Bill of historic importance. Unfortunately, it was tabled amid noisy protests," P Rajeev said in the House, as the Opposition UDF disrupted proceedings. The Bill was referred to the Assembly Subject Committee, which will examine the provisions before it returns for debate next
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Loan recovery practices of NBFCs must be fair, respectful: FM Sitharaman
Updated : 8 months, 2 weeks ago IST
Union Finance Minister Nirmala Sitharaman emphasized that the loan recovery practices of Non-Banking Financial Companies (NBFCs) must be fair, respectful, and empathetic, and must strictly align with the Reserve Bank of India's (RBI) Fair Practices Code.
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Vijay Mallya moves Karnataka High Court, seeks loan recovery accounts from
Updated : 1 year, 1 month ago IST
Mallya's counsel has argued that the loan recovery officer stated that Rs10,200 crore has been recovered. He claimed that even though the full loan amount has been cleared, the process is still ongoing. Therefore, a request has been made to direct the banks to provide a statement of the r
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"Ordinance to end torture of the poor by microfinance companies": DK Shiva
Updated : 1 year, 1 month ago IST
Karnataka Deputy Chief Minister DK Shivakumar on Monday said that the government has planned an ordinance to stop the exploitation of the poor by microfinance companies in the name of loan recovery.
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MP: Two cousin brothers held for killing loan recovery agent after failing
Updated : 1 year, 6 months ago IST
According to the police, the incident occurred near Kugawan Village under the jurisdiction of Sanjeevani Nagar police station in the district on Tuesday, September 24. The accused have been identified as Aman Choudhary (18) and Uday Choudhary (20).
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Loan sanctioning goes digital, but recovery still needs 'Feet on the Stree
Updated : 1 year, 6 months ago IST
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
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Mobicule launches pioneering fully secure Print to Post solution to intell
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], March 14: Mobicule Technologies, a recognised player in phygital debt collection and a leading home-grown digital customer on-boarding company in India, has launched a pioneering secured single Click Print to Post solution, Phygital Notice to intelligently manag
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Mobicule launches industry first Phygital Collection platform mCollect for
Updated : 2 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 3: Mobicule Technologies, a recognised player in debt collection and a leading home-grown digital customer on-boarding company in India, is proud to introduce its Phygital Debt Resolution service to enhance the capabilities of the debt collection and loa
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Mahindra Finance says RBI lifted restrictions on loan recovery via outsour
Updated : 3 years, 2 months ago IST
On September 22, 2022, the RBI directed Mahindra and Mahindra Financial Services Limited to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.
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M&M Finance tanks 14 per cent as RBI bars it from using third-party re
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 23 (ANI): The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
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IDBI Bank shares surge on bad loan recovery, privatisation buzz
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 26 (ANI): Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privati
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