Search Results for Tag : Borrower
News
SC Questions RBI’s Policy to Maintain Secrecy of Defaulter's Name(25.10.2016)
Supreme Court has asked Reserve Bank of India why names of borrowers that owe more than Rs 500 crore to country’s banks shouldn't be made public.
Tags : Supreme Court, RBI, borrowers, Defaulters
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SC Seeks Government Reply on Relief to Big Borrowers(06.10.2020)
Supreme Court has asked the Centre to place on record its decisions on relief to big borrowers while waiving interest on loans up to Rs 2 Crores payab.....
Tags : Supreme Court, Relief to Big Borrowers
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RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)
Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....
Tags : Reserve Bank of India, loan, repayment, Small Borrowers
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SC Bars Charging Compound Interest or Penal Interest on Any Borrower During Loan Moratorium(23.03.2021)
Supreme Court has directed that there should be no charging of compound interest, interest on interest or penal interest on the instalments which were.....
Tags : Supreme Court, Compound Interest or Penal Interest on Borrower
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SC: Borrower Has No Right To Be Represented By Lawyer Before In-House Committee(13.05.2019)
Supreme Court has observed that a borrower has no right to be represented by a lawyer before the In-House Committee of banks constituted for the purpo.....
Tags : SC, Borrower
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SC: Burden to Prove Secured Properties Are Agricultural Lands is Upon Borrower(06.01.2023)
Supreme Court has held that in proceedings under SARFAESI Act, burden is upon the borrower to prove that the secured properties are agricultural lands.....
Tags : Supreme Court, SARFAESI, Borrower, Burden
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SC: Opportunity of Hearing Does Not Mean Personal Hearing(15.05.2023)
Supreme Court while issuing clarification on its judgment in the case of SBI v. Rajesh Agarwal (MANU/SC/0308/2023) which mandated that borrowers shoul.....
Tags : Supreme Court, Borrower, Personal Hearing
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Bom. HC: Show Cause Notice for Contempt Issued Against Individuals Borrowing from NBFCs(27.03.2024)
Bombay High Court has issued show cause notice for contempt proceedings against certain borrowers who after giving a solemn undertaking to the Court, .....
Tags : Bombay High Court, Show Cause Notice, Contempt, Borrowers
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Notifications & Circulars
Relief for MSME Borrowers registered under Goods and Services Tax (GST)(07.02.2018)
Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, res.....
Tags : MSME Borrowers, Relief, GST
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Expert committee to assist Government for assessment of relief to bank borrowers(10.09.2020)
Various concerns have been raised during the proceedings of the ongoing hearing in Hon'ble Supreme Court of India, in the matter of Gajendra Sharma Vs.....
Tags : Expert committee, Assistance, Bank borrowers
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Enhancing Credit Supply for Large Borrowers through Market Mechanism(12.05.2016)
The Reserve Bank of India released a paper on Framework for enhancing .....Tags : rbi, large borrower, risk, asset
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Judgments
A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)
Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....
Tags : Re-payment, loan, co-borrower, liability- joint & severable
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A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)
Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....
Tags : Re-payment, loan, co-borrower, liability- joint & severable
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Opportunity to decide NPA classification on account-basis slips by(11.04.2016)
A borrower having repaid all of the principal sum but with more than 20 per cent of interest remaining cannot escape the provisions of the SARFAESI Ac.....
Tags : non-performing asset, classification, multiple accounts, borrower
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