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..

Bank of Baroda’s strong growth in Kerala amid post-Covid recovery

Bank of Baroda’s strong growth in Kerala amid post-Covid recovery

A post-Covid recovery has powered Bank of Baroda’s Kerala zone to put up a strong performance in the..

Finance ministry wants PSBs to up recovery rate from write-offs to 40%

Finance ministry wants PSBs to up recovery rate from write-offs to 40%

The Finance Ministry has asked state-owned banks to shore up their low recovery rate from written of..

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..

Mahindra Finance’s vehicle recovery pace to slow down after RBI order

Mahindra Finance’s vehicle recovery pace to slow down after RBI order

Mahindra & Mahindra Financial Services (MMFS) expects repossession activity of vehicles to reduc..

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..

Bank of Baroda eyes Rs 13,000-cr recovery in FY23

Bank of Baroda eyes Rs 13,000-cr recovery in FY23

Bank of Baroda is expecting a sharp improvement in its asset quality as it targets recovery of Rs 13..

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..

RBI to take strict action against strong-arm tactics of recovery agents: Governor Das

RBI to take strict action against strong-arm tactics of recovery agents: Governor Das

The Reserve Bank of India (RBI) will take strict action against regulated entities who resort to str..

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..

Union Bank of India ups recovery target in FY22; Q2 net up 3-fold

Union Bank of India ups recovery target in FY22; Q2 net up 3-fold

Union Bank of India has upped its recovery target for the current fiscal to Rs 16,000 crore after se..

Bank of Maharashtra Q2 net doubles; DHFL recovery at Rs 258 cr

Bank of Maharashtra Q2 net doubles; DHFL recovery at Rs 258 cr

Aided by a Rs 340-crore recovery from its written off accounts, state-owned Bank of Maharashtra has ..

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..