Loan Defaults
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Process of recovering money after loan write-offs is complex, says Nirmala Sitharaman
The finance minister was responding to a question on the PMC Bank case in which depositors had challenged the limit imposed on their withdrawals.
Scroll Staff
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Vijay Mallya stands to be evicted from London home due to verdict in loan default case
His house was under mortgage against a 20.4 million pound (over Rs 206.79 crore) loan he failed to repay to Swiss bank UBS.
Scroll Staff
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Former Assam CM Hiteswar Saikia’s son arrested by CBI in loan default case
Ashok Saikia claimed that he repaid his dues to the State Co-operative Agriculture and Rural Development Bank in 2011.
Scroll Staff
Trending
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Explained: Who is Amritpal Singh and why is Punjab Police chasing him?
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A 152-year-old bazaar in Kolkata holds the history of Bengali mishti’s evolution
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‘Human rights violated in India’: Shiromani Gurdwara Parbandhak Committee chief tells G20 delegates
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World Happiness Report: India ranked at 126th place below Sri Lanka, Pakistan
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View from ‘Dawn’: Pakistan government’s treatment of Imran Khan reeks of desperation
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SC refuses to hear plea seeking moratorium on declaration of non-performing assets
The court said this would have to be a policy decision taken by the central government.
Scroll Staff
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SC stops banks from charging penal interest on any borrower during loan moratorium period
The court also refused an extension of the moratorium period granted by the RBI on account of the coronavirus pandemic.
Scroll Staff
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Rising loan defaults are adding to the woes of non-bank lenders in India
The impact of Covid-19-led slowdown on household incomes is visible in the balance sheets of NBFCs.
Prathamesh Mulye, Qz.com
Video
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Watch: Smooth mashup of Grammy winner ‘Unholy’ with hit Hindi songs ‘Ram Chahe Leela’, ‘Ramta Jogi’
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Watch: Cricketer Shikhar Dhawan to play a police officer in TV serial, posts video from the shoot
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Watch: Crowd joins Indian busker on London street singing ‘Maa’ from the movie ‘Taare Zameen Par’
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Watch: Opposition MPs hang banner from first floor of Parliament demanding JPC to investigate Adani
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Watch: Japanese PM Fumio Kishida tries golgappa and other Indian delicacies with PM Modi in Delhi
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Loan moratorium scheme: Extension of time given to borrowers not viable, RBI tells Supreme Court
The central bank said it had already issued a framework on August 6 with the aim of facilitating the revival of real sector activities and helping borrowers.
Scroll Staff
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Loan moratorium scheme: Centre urges SC not to give more relief to borrowers
The Centre said several relief packages and schemes had been worked out with experts.
Scroll Staff
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India’s public sector banks are terrible at recovering money from loan defaulters
The top 50 wilful defaulters in India had together robbed banks of around Rs 68,000 crore until September 2019.
Prathamesh Mulye, Qz.com
The Reel
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Watch: The blunder years in ‘School College Ani Life’ starring Tejasswi Prakash, Karan Parab
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‘Ghar Banduk Biryani’ trailer: A chef is caught between security forces and rebels
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Start the week with a film: See the world through a donkey’s eyes in ‘EO’
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‘Rocket Boys’ review: Fuel loss on the way to the Pokhran nuclear test
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‘Underworld Ka Kabzaa’ review: Deafness guaranteed along with a numb brain
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Loan moratorium scheme: SC sets November 2 deadline for Centre to implement interest waiver
The delay is not in the interests of common man, the court told the government.
Scroll Staff
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Loan write-offs by Indian banks surged more than two times in demonetisation year: CNN-News18
The write-offs cost lenders Rs 2.17 lakh crore in the last four years, RTI responses showed.
Scroll Staff
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Chanda Kochhar allegedly misled RBI about $365-million loan granted to Essar firm: Indian Express
The bank was allegedly lending a second time to allegedly pay off an earlier loan, according to records accessed by the daily.
Scroll Staff
The Field
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Women’s World Boxing C’ships: Nikhat Zareen, Nitu Ghanghas lead India's charge into quarterfinals
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WPL 2023, UPW vs DC live: McGrath powers UP to 138/6; Delhi seek a win to qualify for final
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Shooting, ISSF World Cup in Bhopal: Here’s what you need to know about WC stage being held in India
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WPL 2023, RCB vs MI blog: Amelia Kerr stars as Mumbai Indians register 4-wicket win
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WPL 2023: Mumbai Indians, Delhi Capitals, UP Warriorz to compete in playoffs; top spot to be decided