The Bombay High Court on Wednesday directed the Enforcement Directorate to file an affidavit confirming whether the settlement process in Vijay Mallya's asset recovery case is complete. The division bench observed that…
The Reserve Bank of India has extended the deadline for its new loan recovery guidelines to 1 January 2027, three months later than originally planned. The norms, announced on 6 August, ban…
State Bank of India's annual report reveals that 76% of its personal loan recoveries happen without active collection efforts. The bank's Xpress Credit book stood at Rs 3.76 lakh crore as of…
The Reserve Bank of India (RBI) has issued a new framework for loan recovery, effective 1 January 2027. Recovery agents cannot threaten, abuse, or harass borrowers. Calls and visits are allowed only…
The Reserve Bank of India has prohibited banks from disabling a borrower's mobile phone, tablet or laptop as a loan recovery tool, except when the device itself was financed by the bank.…
The Reserve Bank of India (RBI) has issued a comprehensive framework to curb harassment by loan recovery agents, effective January 1, 2027. Banks must inform borrowers of the agent's name and contact…
The Central Bank of India has initiated recovery proceedings against actor Rajpal Yadav's ancestral property in Uttar Pradesh over an unpaid loan of Rs 16.61 crore. The bank has issued an attachment…
The Reserve Bank of India has issued final rules making banks responsible for recovery agencies and outsourced loan collection. The framework takes effect on January 1, 2027. Banks must adopt board-approved recovery…
The Reserve Bank of India has issued new rules for loan recovery that will take effect on January 1, 2027. The directions cover banks, non-banking financial companies, housing finance companies, co-operative banks…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.