Page 2 - Loan Default News Today

The Court also found that company had not paid sugarcane dues to the farmers, with ₹279 crores outstanding for the last crushing season. It slammed the Cane Commissioner for not taking any action.

Reserve Bank of India has announced new guidelines on labelling wilful loan defaulters that set out timelines, processes and penalties. However, they do not lay out any guidelines on establishing intention of default. This may extend the evaluation process to extended judicial review

Adding a co-signer can help you get approved for a personal loan. We cover how co-signers work and when it makes sense to add a co-signer.

Colaba Police recently uncovered a fraudulent scheme involving 3 persons who availed of a loan of Rs 18.70 lakh from a bank by using fake gold as collateral

(Bloomberg) -- A lender-appointed receiver has taken steps to assume control of a Byju’s unit following months of failed restructuring negotiations and a loan default, according to people with knowledge of the matter. Most Read from BloombergIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’IMF Caught Off Guard as China Strikes Sri Lanka Debt DealGoldman Sues Malaysia as 1MDB Settlement Dispute Escala...

Thrissur: Officials of scam-hit Karuvannur cooperative bank have now come up with a one-time settlement plan for loan recovery, apparently after it wa.

FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on Rs 253.95 crore loans and revolving facilities like cash credit from banks and financial institutions as on September 30, a filing said on Thursday.

The company has not yet confirmed the acquisition or potential interest in acquiring The Plaza.

The growth of bad loans is mainly due to the business-politics nexus, lack of corporate governance, and weak judicial system.

This means, banks are likely to write off Sh750 billions