Loan Recovery News

Today, the matter of coercive loan recoveries was raised in parliament. As you know banks & financial institutions deploy all kinds of tricks to recover loans. Banks sometimes even hire burly bouncers as recovery agents, and this muscle for hire is used to threaten people to recover loans. Today, during the question hour the issue was addressed by Finance Minister Nirmala Sitharaman. She said banks have ben instructed to ensure no harsh measures are taken for loan recovery. Watch.

SBI chairman Rajnish Kumar said that the extradition will have a deep impact on the overall lender and borrower relationship

Of the eight accounts on the block, Kolkata-based Rohit Ferro Tech has the highest loan outstanding against it at 1,320.37 crore, followed by Indian Steel Corporation at 928.97 crore

PNB needs to pay about Rs135 crore to cover the 8.98% annual interest on ₹1,500 crore worth of so-called AT1 bonds sold in July 2017

The Punjab National Bank (PNB) is targeting net income of over 5,000 crore for the three months through 30 September, boosted by asset sales and bad-loan recoveries

The recent changes made to the IBC as well as some of the recommendations of the ILC report are an attempt to solve the problems surrounding IBC stakeholders that are better solved outside the IBC

Yes Bank's stock is poised to see a re-rating and expectations are that robust March quarter earnings may help it to bridge the gap in valuation versus peers

Axis Bank's gross bad loans for the March quarter form 6.77% of its loan book and as the bank stuck to prudence in provisioning, the net bad loan ratio was a less scary 3.4%

Even as bankers are focused on Rs3 trillion worth of bad loans, it is imperative to also monitor those who have gone scot free simply because their loans no longer exist on bank balance sheets

Bank of India shares surge over 10% to Rs106 apiece, while the Nifty PSU Bank index rose 3.3% and India's benchmark Sensex index was up 0.4% to 34,046.81 points