Central bank has set out norms on how to identify wilful defaulters and penal provisions associated with them to maintain 'the integrity of the financial system'.
We are used to thinking that banks typically lend to larger firms, and households borrow from the informal sector. It's time to revise these misconceptions.
Share of gross non-performing assets of Scheduled Commercial Banks has fallen consistently since March 2018. But RBI report shows recoveries from written-off loans remain low.
There are thousands of people who are troubled by threats & harassment of loan recovery agents, a problem exacerbated by proliferation of instant loan apps that offer money at a click.
A good credit score is an essential pillar of one’s financial foundation. It’s not merely a digit or a figure, it represents your fiscal responsibility, discipline, and predictability.
Central bank has issued new rules regarding quick release of loan-related asset documents, which are expected to benefit borrowers, especially homeowners.
Addressing the nation on the 77th Independence Day, Modi said his government will soon launch the scheme for middle-class families living in cities but do not own a house.
In FAQ document, RBI says its new guidelines won't stop penal proceedings against wilful defaulters & that recoveries will continue even if loans are technically written off.
Indian judiciary has a corrosive imbalance between the bar and the bench. Those who supervise the district judiciary do so without the lived experience that is essential for meaningful reform.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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