17 February 2020


Search Results for Tag : Loan

Judgments

Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)

Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....

Tags : consumer, floating rate, loan

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Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)

Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....

Tags : consumer, floating rate, loan

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Gender of accused to not be basis for determination of serious economic offences(15.09.2015)

An order of the High Court accepting submissions of the accused that she owed no dues to the complainant banks and further proceedings would be futile.....

Tags : Forged documents, loan, woman, settled dues

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Lowered education loan criteria for SC/ST students to be decided by RBI and Government(13.10.2015)

Kerala High Court dismissed petitions against the decision of the State Bank of Travancore to not grant the petitioners educational loans for failing .....

Tags : Education, loan, lower, eligibility, scheduled caste

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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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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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Adjustment or exercise of banker's lien can be made, only if, employee makes over pensionary benefits voluntarily to the bank(03.08.2017)

In present case, Petitioner seeks gratuity from his employer. Petitioner submitted that, the Petitioner was an employee of a bank. A disciplinary proc.....

Tags : Gratuity, Entitlement, Loan, Adjustment

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No contract shall bind the Corporation if not made in accordance with the provisions of Act(06.09.2018)

The Pune Municipal Corporation has preferred present First Appeal against the money decree passed by the trial Court. The Learned Trial Judge, by the .....

Tags : Money decree, Loan, Sanction

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Notifications & Circulars

India signs Financing Loan Agreement with the World Bank for US$ 74 Million for Uttarakhand Workforce Development Project (UKWDP)(18.09.2018)

A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttarakhand Workforce Development Project (UKWDP) was signed with the World Bank .....

Tags : Loan Agreement, World Bank, Project (UKWDP)

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Asian Development Bank and India sign $150 Million Loan to Improve Regional Connectivity(01.10.2018)

The Asian Development Bank (ADB) and the Government of India signed here today a $150 Million Loan to finance continued improvements to road connectiv.....

Tags : Loan, Signing of, Improvement, Regional Connectivity

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Government of India and Asian Development Bank (ADB) Signs $75 Million Loan to Improve Urban Services in 4 Karnataka Towns(27.11.2018)

Government of India and the Asian Development Bank signed a $75 million loan here today to provide 24 x7 water supply in Karnataka's four coastal town.....

Tags : Urban Services, Improvement, Loan

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Government of India and Asian Development Bank Sign $85 Million Loan to Support Odisha Skill Development Project(03.12.2018)

The Government of India and the Asian Development Bank (ADB) signed a $85 million loan on 03.12.2018 to improve the skill development eco-system in Od.....

Tags : Loan, Project, Development activities

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Implementation of Interest Subvention Scheme for 2015-16 for short term crop loans(13.08.2015)

The Reserve Bank of India approved the implementation of the Interest Subvention Scheme for the benefit of farmers for 2015-2016. The Scheme relates t.....

Tags : farmer, loan, lakhs, three, assistance

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RBI Master Direction Risk Management and Inter-Bank Dealings(05.07.2016)

The Reserve Bank of India introduced Master Directions effecting change in the way banks manage risk for national and international borrowers.

.....

Tags : rbi, loan facilities, foreign exchange, risk management

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Bank loans for the educated unemployed(29.11.2016)

Applicants including educated unemployed persons whose proposals are found bankable in accordance with the norms laid down by the concerned bank obtai.....

Tags : Loans, Facilities, Unemployed youth

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Bank Lending and Loan Quality: The Case of India(14.12.2016)

The Reserve Bank of India today placed on its website a Working Paper titled 'Bank Lending and Loan Quality: The Case of India' under the Reserve Bank.....

Tags : Bank Lending, Loan Quality, Working paper

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India Signs Loan Agreement with the World Bank for USD 39.2 Million for the project "Assam Citizen Centric Service Delivery"(05.06.2017)

An agreement for IBRD Credit of USD 39.2 Million from World Bank for the project "Assam Citizen Centric Service Delivery" was signed here today. Loan .....

Tags : Agreement, Loan, Project

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India signs Loan Agreement with the World Bank for USD 21.7 Million for Strengthening the Public Financial Management in Rajasthan Project(29.05.2018)

An Agreement for IBRD Credit of USD 21.7 Million from World Bank for the Strengthening of Public Financial Management in Rajasthan Project was signed .....

Tags : Loan Agreement, Signing of, Rajasthan Project

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RBI releases draft guidelines on Loan System for Delivery of Bank Credit(11.06.2018)

The Reserve Bank of India today released draft guidelines on loan system for delivery of bank credit which stipulate a minimum level of 'loan componen.....

Tags : Guidelines, Release, Loan System

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India Signs Loan Agreement with the World Bank for USD 25.2 Million for Chhattisgarh Public Financial Management and Accountability Program(05.03.2019)

The Government of India, the State Government of Chhattisgarh and the World Bank signed here in New Delhi today a $25.2 Million Loan Agreement to supp.....

Tags : Loan Agreement, World bank, Signing of

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Government of India and ADB sign $926 Million Loan Agreement for Mumbai Metro Rail Project(01.03.2019)

The Asian Development Bank (ADB) and the Government of India signed a $926 Million Loan Agreement today to operationalize two lines for the Mumbai Met.....

Tags : Loan Agreement, Signing of, Rail Project

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Tamil Nadu Health System Reform Program, Signing of $287 Million World Bank loan to improve healthcare in the State of Tamil Nadu(04.06.2019)

The Government of India, Government of Tamil Nadu (GoTN) and the World Bank signed here today in New Delhi a $287 Million Loan Agreement for the Tamil.....

Tags : Reform Program, World Bank, Loan, Healthcare

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India signs a Loan Agreement of $328 Million with the World Bank for Improved Health Services in Andhra Pradesh(27.06.2019)

The Government of India, Government of Andhra Pradesh and the World Bank Executive signed here today a Loan Agreement of $328 Million to help improve .....

Tags : Agreement, Loan, Health services, Improvement

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RBI releases the Report of the Task Force on the Development of Secondary Market for Corporate Loans for comments(03.09.2019)

The Reserve Bank of India had constituted a Task Force on Development of Secondary Market for Corporate Loans under the Chairmanship of Shri T. N. Man.....

Tags : Report, Release, Corporate Loans

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India and ADB sign $206 million loan to strengthen urban services in 5 Tamil Nadu cities(03.12.2019)

The Asian Development Bank (ADB) and the Government of India on 2nd December 2019 signed a $206 million loan to develop water supply and sewerage infr.....

Tags : India, ADB, Loan, Urban services

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Policy on interest rate on loans for agricultural purposes(01.08.2017)

Reserve Bank of India (RBI) has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks and these interest rates are determ.....

Tags : Policy, Interest rate, Loans, Agricultural purposes

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Mint Street Memos(11.09.2017)

The Reserve Bank of India today placed on its website the fourth release titled 'Agriculture Loan Bank Accounts - A Waiver Scenario Analysis, co-autho.....

Tags : Loan, Waiver, Analysis

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Government of India and World Bank sign $200 Million Loan Agreement for the Assam Agribusiness and Rural Transformation Project(30.10.2017)

The Government of India and the World Bank today signed a $200 million Loan Agreement for the Assam Agribusiness and Rural Transformation Project. The.....

Tags : Loan Agreement, Signing of, Project

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India Signs Loan Agreement with World Bank for US$ 119 Million for "Odisha Higher Education Programme for Excellence and Equity (OHEPEE) Project(07.11.2017)

A Financing Agreement for IBRD loan of US$ 119 million (equivalent) for the "Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Projec.....

Tags : Loan Agreement, World Bank, Signing of

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India Signs Loan Agreement with World Bank for USD 100 Million for "Shared Infrastructure for Solar Parks Project"(20.11.2017)

A Guarantee Agreement for IBRD/CTF loan of USD 98 million and Grant Agreement for USD 2 million for the "Shared Infrastructure for Solar Parks Project.....

Tags : Loan Agreement, World Bank, Solar Parks, Project

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New $ 318 million loan Agreement Signed with World Bank to Support Climate Resilient Agriculture - over 500,000 Farmers to Benefit in Tamil Nadu(26.12.2017)

The Government of India, the Government of Tamil Nadu and the World Bank today signed a $318 million loan agreement for the Tamil Nadu Irrigated Agric.....

Tags : Loan Agreement, Signing of, World Bank

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Government of India, the Government of Uttarakhand and the World Bank sign $120 million Loan Agreement to improve access to Water Supply Services in the Hilly State of Uttarakhand(22.01.2018)

The Government of India, the Government of Uttarakhand and the World Bank Board signed here today in New Delhi, a $120 million Loan Agreement which wi.....

Tags : Loan Agreement, Water Supply, Improvement

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India signs 200 million US Dollar Loan Deal with World Bank for National Nutrition Mission (POSHAN Abhiyaan) for 315 districts across all states/UTs(07.05.2018)

The Government of India signed a loan deal worth $ 200 million with the World Bank today for the National Nutrition Mission (POSHAN Abhiyaan). The loa.....

Tags : Loan Deal, World Bank, POSHAN Abhiyaan

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Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17(26.12.2016)

As you are aware the Government of India (GoI) has been implementing the Interest Subvention Scheme (the Scheme) since 2006-07. In terms of the extant.....

Tags : Crop loans, Short term, Scheme

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Interest Free Loans to IIT Students(04.08.2016)

Interest subvention on the education loans to be provided, for all students admitted for undergraduate and the 5-year integrated degree programmes in .....

Tags : Loans, Interest Free, IIT students

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Review of risk weights assigned to sovereign debt(10.03.2016)

The Reserve Bank of India reviewed and determined risk weights assigned to exposures to domestic sovereigns. Exposure to Central Government, fund and .....

Tags : Risk weight, government, loan, guarantee

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Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities(21.08.2015)

The Reserve Bank of India released guidelines based on a Central government notification reducing the criteria of crop loss from 50 per cent to 33 per.....

Tags : Rbi, relief, farmers, loan, reschedule, crops

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News

RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)

RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....

Tags : RBI, Loans to CEOs, Directors of Banks

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Pune ITAT: Higher Education Abroad Is No Bar for Claiming Interest on Edu Loans for Tax Deduction(02.12.2015)

Pune Income-tax Appellate Tribunal (ITAT) has held that deduction for interest paid on educational loans taken for higher studies will be allowed from.....

Tags : Pune Income-tax Appellate Tribunal , Edu Loans for Tax Deduction

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Kerala HC Leaves it to RBI, IBA to Decide on Percentage of Marks in Qualifying Exam for Loans(14.10.2015)

Kerala High Court has left it to Central Govt., RBI and Indian Bankers Association (IBA) to decided whether minimum percentage of marks in qualifying .....

Tags : Kerala High Court , education loan

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RBI: Fixed Rate Loans up to 3 Years to be Based on Marginal Cost(30.03.2016)

Reserve Bank of India (RBI) has asked banks to price fixed rate loans of up to three years based on their marginal cost of fund from April 1.

Tags : Reserve Bank of India, Fixed Rate Loans

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SC Irks over Bad Loans, Wondering Why Banks Act Negligent on Such Big Defaulters(12.04.2016)

SC has irked at huge outstanding bad loans in banking system and castigated banks for failing to go after big defaulters and blamed them for only goin.....

Tags : SC , Bad Loans

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CIC: Records of Loans to Adani Groups Cannot be Disclosed under RTI(28.11.2016)

Central Information Commission (CIC) has held that records related to loans given to industries promoted by Gautam Adani cannot be disclosed as these .....

Tags : Central Information Commission, Gautam Adani , State Bank of India , Loans

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Supreme Court Asks Centre to Buckle Up Mechanism to Recover Bad Loans(03.01.2017)

Supreme Court has sought more clarity from Centre on the issue of tackling bad loans.

Tags : Supreme Court , Bad Loans , Debt Recovery

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Supreme Court Seeks List of Loan Defaulters from Central Govt.(04.01.2017)

Supreme Court has asked Centre to give list of "corporate entities" against whom outstanding loans were in excess of Rs 500 crore, besides seeking emp.....

Tags : Supreme Court, Debt Recovery Tribunals, Bad Loans

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Bengaluru DRT Orders Banks to Start Recovering Loan From Vijay Mallya in Kingfisher Case(20.01.2017)

Debt Recovery Tribunal has ordered SBI-led consortium of banks to start process of recovering over Rs 6,203 crore, at 11.5 per cent annual interest ra.....

Tags : Debt Recovery Tribunal, Vijay Mallya, Kingfisher Case, Loan

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Bombay HC: Mere Repayment of Loan Amount ‘No Ground’ For Quashing Cheating Case(29.03.2017)

Bombay High Court has held that re-payment of loan amount will not have any adverse effect on a criminal prosecution and observed that offences involv.....

Tags : Bombay High Court, banking and loan transactions

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Bombay High Court: Harassment for Loan Repayment Amounts to Abetment of Suicide(03.04.2017)

Bombay High Court while rejecting discharge pleas of two money lenders has said that continuous verbal and physical abuse and repeated demand for the .....

Tags : Bombay High Court, Loan Repayment, Abetment of suicide

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SCDRC Directs Bank to Pay 1L Compensation For Failure to Inform Loan Applicant of Rejection(02.05.2017)

State Consumer Disputes Redressal Commission, Maharashtra has held that failure to inform an applicant about rejection of his loan application constit.....

Tags : State Consumer Disputes Redressal Commission, Loan, Bank

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Supreme Court: "It’s Time to Deal with Loan Defaulters Sternly"(09.05.2017)

Supreme Court, while concerned over increasing number of corporate houses and private institutions not paying back loans taken from banks and public b.....

Tags : Supreme Court, Loan Defaulters

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Education Loan Without Sureties Not a Right: Madras High Court(16.05.2018)

Madras High Court has ruled that students cannot claim educational loans of higher value as a matter of right without submitting sureties.

Tags : Madras High Court, Education Loan

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#Union Budget 2020-2021: Additional Rs 1.5 Lakh Tax Benefit on Affordable Housing Loans Introduced(01.02.2020)

Central Government has extended additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021.

Tags : Union Budget 2020-2021, Housing Loan

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Bombay HC Directs Police to Probe Alleged Scam by Sitting Minister in Farmer Loan Waiver Scheme(14.10.2019)

Bombay High Court has directed the police to register a case and investigate allegations against the management of a sugar factory in Ahmednagar, whic.....

Tags : Bombay HC, Farmer Loan

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SEBI Makes it Necessary for Listed Firms to Disclose Loan Default(21.11.2019)

Securities and Exchange Board of India has made it necessary for all listed companies to make public disclosures on loans defaults. The move will hel.....

Tags : SEBI, Loan Default

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Kerala High Court to State Government: Consider Waiving Off Loan Taken for Treating Endosulfan Victim(17.06.2019)

Kerala High Court has requested the State Government to consider writing off a loan availed to treat an endosulfan victim. The victim’s father had ava.....

Tags : Kerala High Court, Loan

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ITAT Ludhiana: One-Time Settlement Debt Not Advantageous if Loan Granted Was Separate Transaction(18.06.2019)

Income Tax Appellate Tribunal (ITAT Ludhiana) has observed that the one-time settlement of debt by the bank cannot be treated as beneficial from the b.....

Tags : ITAT, Ludhiana, Loan

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ITAT: Cash Loan from Parents and Brother for Purchasing House for Whole Family do Not Attract Penalty(21.05.2019)

ITAT Delhi has ruled that the cash loan received from the parents and brother of the Assessee for the purchase of the house for the whole family canno.....

Tags : ITAT, Cash Loan

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Bogus Balance Sheet Prepared to Avail Bank Loan Can be Basis for Addition: Calcutta HC(27.06.2018)

Calcutta High Court has held that addition to income can be made on the basis of balance sheet and profit and loss accounts certified to have been pre.....

Tags : Calcutta High Court, Loan

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Better to Reject Loan than Running After Defaulters: Madras High Court(29.06.2018)

Madras High Court has dismissed a petition by an aspiring nursing student seeking a direction to State Bank of India for sanctioning her an education .....

Tags : Madras High Court, Education Loan

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Allahabad High Court Tosses Power Sector Bad Loans to Centre, RBI(28.08.2018)

Allahabad High Court has refused to give interim relief to stressed power companies by staying the February 12 circular of RBI that mandated big-ticke.....

Tags : Allahabad High Court, Loans

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Interest-free Loan from Employer Taxable: ITAT, Mumbai(13.06.2018)

Income Tax Appellate Tribunal, Mumbai (ITAT) has said that interest-free loans extended by an employer are taxable in the hands of an employee as a pe.....

Tags : Income Tax, Loan

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SC Stays Madras HC Order Directing TN Govt to Waive All Crop Loans(03.07.2017)

Supreme Court has stayed a Madras High Court order directing Tamil Nadu government to extend its scheme to waive crop loans to all farmers, including .....

Tags : Supreme Court, Crop Loans

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Supreme Court Gives RBI One Week to Reply on Bad Loans Report(18.07.2017)

Supreme Court has granted one week’s time to Reserve Bank of India (RBI) to respond to a report of a committee appointed to deal with bad loans with b.....

Tags : Supreme Court, Bad Loans Report

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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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Madras High Court Suggests Surrender of Passports from Loan Defaulters(02.01.2019)

Madras High Court has suggested that the Centre bring in appropriate amendments in the Passport Rules, so that banks and financial institutions can de.....

Tags : Madras High Court, Loan Defaulters, Surrender of Passport

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Madras High Court Suggests Surrender of Passports from Loan Defaulters(02.01.2019)

Madras High Court has suggested that the Centre bring in appropriate amendments in the Passport Rules, so that banks and financial institutions can de.....

Tags : Madras High Court, Loan Defaulters, Surrender of Passport

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MP High Court Rejects PIL Against Farm Loan Waiver(07.01.2019)

Madhya Pradesh High Court has dismissed public interest litigation filed by a lawyer against a government order to waive off short-term agricultural l.....

Tags : Madhya Pradesh High Court, Farm Loan Waiver

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Statute

Education Loan Bill, 2016(11.03.2016)

The Education Loan Bill, 2016, a private member bill introduced in th.....

Tags : education loan, refusal, waiver

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International Cases

Denying student loan to person not deportable from UK violates right to education(29.07.2015)

The United Kingdom Supreme Court, while determining the availability of student loans for higher education to persons who were not lawfully resident i.....

Tags : United kingdom, education, student loan, resident

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