LOAN ACCOUNTS

HDFC's individual loan disbursements rise 26 pc in December quarter

"Disbursement growth over the corresponding quarter of the previous year was 26 per cent. For the nine months ended December 31, 2020, indi...

Instant loan app fraud cases under ED scanner

Official sources said the Enforcement Directorate (ED) has "enlarged" its investigation to probe these FIRs and complaints filed by the two...

PFS approves resolution of IL&FS Tamil Nadu Power Company

As per RBI circular dated June 7, 2019 and directives of National Company Law Appellate Tribunal (NCLAT), following resolution has been app...

China central bank says to cap property loans by banks

With China's economy nearly fully recovered to pre-coronavirus levels, policymakers have been turning their attention back to financial ris...

Gujarat: Home loan disbursals rose to Rs 5,283 crore in Q2

According to the SLBC, the total outstanding amount under housing finance by banks stood at Rs 92,195 crore by September as against Rs 76,2...

Dear world, stop bombarding investors with mails, messages and unsolicited advice

By sending too many statements, too much information, too much knowledge, and works too hard to grab the attention towards the endless stri...

Loan apps pushing people into debt traps, suicides

The tap-and-get-a-loan “solution” is pushing a large number of people into a trap far deeper than the financial condition they are in.

RBI eases some conditions for banks to open current accounts

In August, RBI had said that banks that do not have cash credit or overdraft (CC/OD) facilities cannot open a current account for any borro...

42 NBFCs, housing finance companies increased their provisioning under Indian accounting: EY report

The report noted an increase in Expected Credit Loss (ECL) allowance by 33% and an overall increase in provision coverage rate by 26% as at...

How to check SBI savings account balance

If you have a savings account with the State Bank of India (SBI), here are six ways to check your account balance. Remember, SBI has done a...

What Lakshmi Vilas Bank account customers should do post imposition of moratorium?

If you are a customer of LVB, you would be understandably worried about the future of the bank and more importantly, your own money in the ...

Should I withdraw money from EPF account to pay off my home loan?

Before withdrawing money from your Employees' Provident Fund (EPF) account to pay off your home loan, there are certain aspects you need to...

No need to apply for compound interest waiver, relief to be auto-credited into accounts: Finance Ministry

​​The benefit is available to all eligible borrowers including those who did not opt for moratorium. The lenders can seek a refund from the...

No need to apply for compound interest waiver, relief to be auto-credited into accounts: Finance Ministry

​​The benefit is available to all eligible borrowers including those who did not opt for moratorium. The lenders can seek a refund from the...

No need to apply for loan interest waiver, relief to be automatically credited into accounts: Finance Ministry

Further, loans against fixed deposits, bonds, shares or other interest-bearing instruments and loans given for investment in financial asse...

Lenders to credit 'interest on interest' to borrowers account by November 5, Centre tells SC

"Under the scheme, all lending institutions (as defined under clause 3 of the scheme) shall credit the difference between compound interest...

Only standard loan accounts with no default as of March 1 can be recast under Covid scheme: RBI

RBI said a loan account that was due for more than 30 days as on March 1, 2020, but subsequently got regularised, will not be ineligible fo...