ARCs’ retail loan recovery slows down by 35% due to OTS scheme

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

Recoveries by asset reconstruction companies (ARCs) across retail loans such as housing and MSME hav..

RBI fines RBL Bank relating to loan recovery agents

RBI fines RBL Bank relating to loan recovery agents

The Reserve Bank of India (RBI) has fined private lender RBL Bank Ltd Rs 2.27 crore for not complyin..

PNB shuts Hong Kong branch; loan recovery target on track

PNB shuts Hong Kong branch; loan recovery target on track

Punjab National Bank (PNB) has shut its Hong Kong branch, is on track to recover Rs 32,000 crore fro..

RBI bars Mahindra Finance from outsourcing loan recovery activity

RBI bars Mahindra Finance from outsourcing loan recovery activity

The Reserve Bank of India (RBI) today directed Mahindra & Mahindra Financial Services to immedia..

RBI tightens screws on loan recovery agents

RBI tightens screws on loan recovery agents

Loan recovery agents, hired by regulated entities including banks, NBFCs and ARCs, cannot intimidate..

PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

Punjab National Bank (PNB) is looking to recover Rs 32,000 crore worth of bad loans and reduce its n..

Budget: FM proposes amendments in IBC for better loan recovery

Budget: FM proposes amendments in IBC for better loan recovery

Union Finance Minister Nirmala Sitharaman on Tuesday proposed amendments to the Insolvency and Bankr..

SBI starts making loan recovery calls

SBI starts making loan recovery calls

India’s largest lender State Bank of India (SBI) will start making recovery calls from Friday as a s..