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AP Cabinet Meeting Highlights: One Time Settlement For Housing Loans

AP Cabinet Meeting Highlights: One Time Settlement For Housing Loans
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GHMC collects Rs 1701.29 crore in property tax amid lockdown


GHMC collects Rs 1701.29 crore in property tax amid lockdown
The taxes collected were Rs 230 crore more than last year s collection of Rs 1,472.31 crore. However, it fell short of the target of Rs 1900 crore.
By Sakina Fatima|   Published: 2nd April 2021 1:24 pm IST
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Hyderabad: Greater Hyderabad Municipal Corporation (GHMC) has surpassed all of its records and collected Rs 1701.29 crore in property tax for the financial year 2020-21 that ended on March 31, despite COVID-induced lockdown in place for several months in between, authorities said on Thursday.
The taxes collected were Rs 230 crore more than last year’s collection of Rs 1,472.31 crore. However, it fell short of the target of Rs 1900 crore. ....

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Take a relook at OTS norms for loan recovery: Karnataka HC


Updated:
March 02, 2021 10:23 IST
Questions why a borrower is allowed to pay only 70% on the secured portion and the remaining 30% is waived
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Questions why a borrower is allowed to pay only 70% on the secured portion and the remaining 30% is waived
The High Court of Karnataka has advised the Ministry of Finance and the Reserve Bank of India to have a re-look into the norms of One Time Settlement Scheme (OTS) for banks to recover loans while questioning why payment of only 70% of the secured portion of loan under OTS is demanded even when more amount could be realised from the pledged assets. ....

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Steel Exchange India Limited makes full payment of Rs. 510.17 crore against OTS


Steel Exchange India Limited makes full payment of Rs. 510.17 crore against OTS
Posted On:
2021-01-29 10:10:56
(Time Zone: Arizona, USA)
Steel Exchange India Limited has today made the full and final payment against total OTS (One Time Settlement Scheme) dues of Rs.510.17 Cr to all Consortium lenders of the company lead by State Bank of India.
Shares of STEEL EXCHANGE INDIA LTD. was last trading in BSE at Rs.48.1 as compared to the previous close of Rs. 48.5. The total number of shares traded during the day was 5185 in over 50 trades.
The stock hit an intraday high of Rs. 48.55 and intraday low of 48. The net turnover during the day was Rs. 249285. ....

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Steel Exchange India Limited receives OTS sanction letters from all lenders

Steel Exchange India Limited receives OTS sanction letters from all lenders ....

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