Page 2 - Loan Recovery

RBI fines Bajaj Finance Rs 2.5 crore for recovery agent harassment

Central bank says firm violated a specific direction to ensure full compliance with fair practices code in letter and spirit

Biz returning to pre-Covid levels, Sept strongest month in recovery: HDFC

The individual loan business has continued to see a month-on-month improvement in July-September 2020, HDFC Ltd said in a regulatory filing

NBFCs need access to credit history like banks, says Gunit Chadha

NBFCs don't have an equivalent body to represent their well-filtered voice with the regulators and government, says APAC Financial Services founder

Guaranteed loans have multiplier effect

Government guarantee will help and restart businesses which will kickstart the virtuous circle of employment, consumption, and growth

ARCs facing slowdown in recoveries due to failed auctions amid Covid: Icra

The ratings of security receipts (SRs) issued by ARCs have seen downgrades due to delay in recoveries and decline in expected recovery value on the SRs

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

Covid-19 pandemic may set back banks' recovery by years, says S&P

It also expects non-performing assets (NPAs) to hit a fresh high this year.

A deferred free lunch for good conduct

RBI could ask banks to reward customers who do not default by giving a discount at the end of the loan's tenure

Loan recovery onus on govt too, says BoB chief

He said the govt needs to pay vendors on time for services, ensure the projects perform and improve the legal system by upgrading enforcement processes

FinMin to meet bank officials on March 21 on loan recovery

It'll also deliberate on ways how banks can be more proactive in dealing with cases of wilful and genuine defaulters