Loan Recoveries

Only 2% personal guarantee claims recovered under IBC so far: IBBI

One of the initial challenges of the process was whether a banker's agreement with the company and the personal guarantor is interlinked or separate

Nearly 90% of young people lack ability to calculate loan repayments

The exercise involved calculating the total amount to be repaid after a year if one is given the loan amount and the interest applicable

LIC Housing Finance to aggressively use OTS, ARC for loan recoveries

The company had written off Rs 544.71 crore during FY23, in comparison to just Rs 23.03 crore written off in the previous year

Byju's lenders seek immediate part-repayment of $1.2 billion loan

The lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a September deadline for filing its results

NARCL makes offers to acquire Jaypee Infratech debt held by Public Banks

NARCL's Rs 3,570-crore offer for the Rs 9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge auction where it will have the right to match the winning bid and take over

Reserve Bank directs loan recovery agents not to intimidate borrowers

While issuing instructions to regulated entities including banks, NBFCs and ARCs, RBI said it has observed that recovery agents are deviating from its instructions with regard to recovery of loans

SC verdict in Mallya case will enhance recovery prospects: Bankers

Beyond the case, the decision also has demonstrative effect for sternly dealing with other big-ticket defaults, two senior officials with large banks said in a first-cut assessment.

PNB puts up National Steel & Agro Industries Ltd for sale to recover dues

The company has a balance outstanding of Rs 199.90 crore to the bank

NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act

The request has been made considering the recovery of small-ticket loans given to MSMEs, and proposes to bring parity in recovery of soured loans by banks and non-bank lenders

Looking at the canary: Do SBI Cards' bad loans have a deeper meaning?

If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital infusion by the government, writes T N Ninan

65% people suffer loss of income, 55% may seek loan recast, says survey

65 per cent people polled in a survey have said that the pandemic and ensuing lockdowns hit their income and 56 per cent respondents claimed to have availed moratorium on loan and credit card dues.

Lenders are intensifying loan recoveries. How should borrowers respond?

Do your best to avoid a default. But if it happens, and a collection agent comes knocking, remember you, too, have certain rights

Loan recoveries, upgrades improve for a few public sector banks

Union Bank, PNB & SBI witnessed improvement, but fresh addition to non-performing assets remains high