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Loan Default, Know Your Rights if You Can’t Repay ?

In case of Loan Default, Know Your Rights if You Can’t Repay - Due to COVID-19 pandemic,there are mass scale losses of jobs & income. Borrowers are defaulting on their EMI payments. This is to remember that even if a...

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Why is the Idea of ‘Bad Bank’ Good For Public Sector Banks ?

Opinion on Idea of Bad Bank, and it's benefit for Public Sector Banks - The Indian Banks’ Association, IBA has requested the Government to set up a 'Bad Bank' to reduce the impact of the losses banks will face because...

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Syndicate Bank – Rs 10,253 Cr Agricultural Loan Turned NPAs

Syndicate Bank is troubling with higher NPA in past few quarters and recent reply by the bank against a RTI query shows that agriculture loans worth Rs 10,253 crore disbursed by Syndicate Bank have turned into non-performing assets (NPAs) in...

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Bank’s Legal Notice Served Through WhatsApp is Valid For Loan Recovery

A big relief for lenders and bad news for defaulter of  loan or credit card payment or someone who are evading the bank by not receiving their calls or changing your residence ? -  Bombay High Court has ruled that...

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Public Sector Banks To Publish Wilful Defaulters Photo on Websites

The finance ministry under Enhanced Access and Service Excellence (EASE) programme has directed all state-run banks to publish the names and photographs of all wilful defaulters on their websites. Earlier, The government has asked all state-run banks to examine non-performing loans...

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What is RBI’s New Norms on Bad Loans,NPA Management ?

Reserve Bank of India (RBI) has unveiled new guidelines for recognizing default loans and how to resolve them. This new guidelines by Reserve Bank will help in early detection of Non performing assets. Further, RBI has also dictated the penalties...

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Believe this, Private sector banks Growth in NPA is Higher than Public Sector Banks

Will you agree with me ? NPA growth in Private banks are much higher than Government PSB's. If compare the growth of Bad loans or NPA (Non performing Assets) among Private and Public Sector Bank, it is Private sector banks who...

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Dena Bank Declares Videocon loan Under NPA

What could be worst that this ? Once the iconic brand of Indian consumer durable segment 'Videocon' is now defaulter to Public sector bank. Videocon loan account with Dena Bank is declared by lender as 'Bad' and classified under None...

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