Tag: Bank Loan

Banks To Remain Closed For 12 Days in February 2022

Lenders have also been asked to specifically mention in the loan agreements the exact due date of a loan and the breakup of the principal and interest, among others, instead of giving a description of the due dates, which leaves scope for interpretation.

As festive season of the year has started, a number of public holidays are approaching. On these public holidays banks will remain shut affecting the lives of people who depend on bank branches for transaction. Here is a list of days in October on which banks will remain closed.

"The rising demand for home loans is in line with the increasing demand for residential real estate across key markets of India. Several initiatives by the government, such as keeping the repo rate constant and reduced stamp duty rates, are steps in the right direction."

New Delhi: Absconding liquor baron Vijay Mallya, wanted in a Rs 9,000 crore bank loan default case, on Wednesday offered to pay back “100 per cent of the principal amount” as speculations over his extradition were raised after AgustaWestland middleman Christian Michel was brought here for interrogation. His move came a day after the British […]

Mumbai: Securities and Exchange Board of India (SEBI) has deferred implementation of its stipulation asking listed companies from reporting payment default of interest on bank loan or installments till further notice. In a statement issued on Friday, SEBI said it has decided to defer implementation of its circular dated August 4 “until further notice” without […]

Mumbai: Indian banks have technically written off a staggering amount of Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi, as per a reply under RTI from the Reserve Bank of India (RBI). Prominent RTI activist Saket Gokhale had filed an RTI query with the RBI seeking details of the […]