Fair Practice Code News Today

The spotlight is on practices where defaulting promoters, under the guise of new investors known as "White Knights," re-enter projects through settlements orchestrated by ARCs.

Some lenders are resorting to certain unfair practices in charging interest rates such as charged interest on loans from the date of sanctioning or execution of the loan agreement rather than from the date of disbursement.

The largest share of public sector banks' complaints is for mobile banking while for private banks, it is for credit cards, brokerage firm Elara Securities said.Customer complaints rose 68 per cent YoY in FY23, with 6.69 complaints per 100,000 ...

The largest share of public sector banks complaints is for mobile banking while for private banks, it is for credit cards, brokerage firm Elara Securities said.

Vleeshal is seeking (a) new nomadic curator(s) for the years 2024–2025.

When the finance ministry admits in Parliament that banks have written off a stunning Rs10.09 lakh crore in just five financial years (FY17-18 to FY21-22), there cannot be any public sympathy for corporate defaulters.

Know your rights: Loan application, processing and disbursement

How to find out if a digital lending platform is fake? Rogue apps do not provide documentation, fail to provide necessary information

Ajanta Neog in the assembly on Friday GUWAHATI: The state budget, presented by finance minister Ajanta Neog, came as a big relief to borrowers of microfinance loans, for whom the state government has proposed a budgetary allocation of Rs 7,500 crore. The main features of the scheme include categorization of clients into three groups headed by first category clients who have been regularly repaying their loans. Neog proposed to provide them a supportive incentive of Rs 25,000 for maintaining go...