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Ludhiana: Loan defaulter arrested for illegally entering property
The police said the accused had taken a loan from the bank but failed to repay it, leading to the bank seizing the property. According to the manager’s complaint, despite the seizure, Sant Prasad, along with his family members, broke the bank lock on June 3 and illegally entered the house.
Updated on Dec 31, 2024 05:36 AM IST
HT Correspondent, Ludhiana
Americans face credit hit as student debt goes delinquent again
The borrowers at present are shielded from taking a hit to credit scores, because the Biden administration ordered a one-year moratorium.
Published on Sep 09, 2024 07:17 PM IST
Bloomberg |
Karnataka BJP MLA Ramesh Jarkiholi booked for defaulting on loan repayment
The complaint, filed by Karnataka State Cooperative Apex Bank manager Rajanna, accuses Jarkiholi of having fraudulent intentions and failing to repay a substantial loan obtained from the bank
Updated on Jan 08, 2024 07:44 AM IST
Bank of Baroda withdraws notice for auctioning Sunny Deol’s bungalow
In a post on X (formerly Twitter), Congress leader Jairam Ramesh wondered who triggered the technical reasons for the notice withdrawal
Updated on Aug 21, 2023 11:41 AM IST
The economy is still fragile | HT Editorial
Financial sector stability and low demand remain key challenges
Published on Oct 12, 2020 06:22 AM IST
Hindustan Times | HT Correspondent
Banks to roll out stressed loans resolution scheme by Sept 15
Finance minister Nirmala Sitharaman asked banks and NBFCs to factor in Covid-19 related distress to assess creditworthiness of the borrowers when rolling out their resolution schemes for stressed borrowers.
Published on Sep 03, 2020 07:17 PM IST
Hindustan Times, New Delhi | Rajeev Jayaswal
In assembly, BJP leader reads out recovery notices to MP farmers; Congress denies
The BJP, which lost power to the Congress after 15 years in December last year, also alleged that 71 farmers had committed suicide in the state in the last six months.
Updated on Jul 20, 2019 08:26 PM IST
Bhopal | Press Trust of India
IL&FS case: SFIO files complaints against 30 accused
In their complaint, SFIO claimed that IFIN extended loans to external parties, many of which had already begun defaulting.
Updated on Jun 02, 2019 05:29 AM IST
Hindustan Times, Mumbai | HT Correspondent
India must correct the imbalance arising from financial exclusion
While the government is going ahead with what can do, the private sector has a significant role to play in achieving an all-round, inclusion-predicated, transformation of India
Updated on May 18, 2019 06:02 PM IST
Marko Carevic
Lok Sabha election 2019: Separate farm budget, no jail for loan defaults on Congress agenda
The party’s 22-point farm and rural agenda focuses on greater state intervention and public investment in the sector hit by a long spell of poor returns.
Updated on Apr 03, 2019 08:07 AM IST
Hindustan Times, New Delhi | HT Correspondent, New Delhi
‘Will not treat loan default by farmers as criminal offence’, says Rahul Gandhi at Congress manifesto release
Congress election manifesto 2019: Farmers who are unable to return loans they take from banks will no more face criminal but only civil cases, Rahul Gandhi said.
Updated on Apr 02, 2019 02:19 PM IST
Indo Asian News Service | Indo Asian News Service
Nirav Modi cannot return to India, afraid of getting lynched, lawyer tells court
Nirav Modi’s lawyer Vijay Agarwal stated this while arguing before Prevention of Money Laundering Act (PMLA) court Judge MS Azmi against the ED’s application to declare Modi a fugitive under the Fugitive Economic Offenders Act.
Updated on Dec 01, 2018 05:13 PM IST
Mumbai | Press Trust of India
Bengaluru’s taxi wastelands: Loan defaults put a brake on the cab dream
Many cabs attached with Ola and Uber are lying unused in parking lots and garages, seized by financial institutions and private moneylenders from those who could not repay vehicle loans.
Updated on Oct 03, 2018 08:34 PM IST
Hindustan Times, Bengaluru | Vikram Gopal
SBI denies laxity on its part in dealing with Vijay Mallya case
Vijay Mallya has been facing legal proceedings for defaulting on loans of more than Rs 9,000 crore from a consortium of 17 banks.
Updated on Sep 14, 2018 11:21 PM IST
New Delhi | Press Trust of India
Vijay Mallya says wrote to PM in April 2016, is ‘tired of govt’s relentless pursuit’ of him
“I have become the “Poster Boy” of bank default and a lightning rod of public anger,” says Vijay Mallya in a statement on Twitter.
Updated on Jun 26, 2018 10:57 PM IST
Hindustan Times, London | Prasun Sonwalkar
CBI files charge-sheet against Rotomac in ₹456-cr loan default case
The CBI has alleged that Rotomac directors diverted loan funds, issued for packing credit, to other purposes. A consortium of seven nationalised banks had given loans worth ₹2,919 crore to Rotomac from 2008 onwards, the CBI FIR alleged.
Published on May 21, 2018 09:22 PM IST
Press Trust of India, New Delhi | HT Correspondent