LOANS


Sponsored Post 19 May 2023
As a doctor, you constantly strive to provide the best health care to your patients. Having the latest equipment and facilities can help you achieve this, but upgrading your practice is costly. Thankfully, a collateral-free, customised loan for professionals is a viable option to...

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Sponsored Post 18 May 2023
A pre-approved personal loan offers quick disbursal and flexible repayment options along with a host of other features, making it an ideal choice when you need funds immediately.   The typical, old-fashioned borrowing experience is quite contradictory to the fast-paced nature of...

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Moneylife Digital Team 19 April 2023
Upholding the orders passed by the fora below, the national consumer disputes redressal commission (NCDRC) directed Bank of Baroda to pay Rs1 lakh each as compensation to two students who had obtained an education loan. NCDRC held that there was a deficiency in service on the part of the Bank...

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A combination of factors like the increased loan repayment instalments due to the earlier repo rate hikes by the Reserve Bank of India (RBI), limited refinancing options for small and medium enterprise (SME), slowing down of property price growth has increased the risk of loan delinquencies...

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In a stern order early this week, the central information commission (CIC) has slammed a show-cause notice as to why a penalty should not be imposed on the two public information officers (PIOs) of the Prathma UP Gramin Bank, Moradabad, and also ordered them to provide information on the...

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Moneylife Digital Team 13 April 2023
Many regulated entities (REs) use penal rates of interest, over and above the applicable interest rates, in case of defaults or non-compliance by the borrower with the terms on which credit facilities were sanctioned. To review extant regulatory guidelines on levy of penal interest, the...

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Moneylife Digital Team 08 April 2023
“When you do not need a particular loan or credit card, or you know that you can manage your life without that loan, don’t simply say yes to any enquiries or requests that come to you. Even if a loan or a credit card is not approved or sanctioned, just having a bunch of enquiries listed out...

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When the finance ministry admits in Parliament that banks have written off a stunning Rs10.09 lakh crore in just five financial years (FY17-18 to FY21-22), there cannot be any public sympathy for corporate defaulters. Especially when the government also admits that it infused Rs2.76 lakh...

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Yes, the kettle is definitely black, very black.   But, truth be told, the pot is not much better.   You may have read my recent article about Pakistan’s power sector and ‘circular debt’ .   A reader (PP Godbole) made me aware that India’s power sector is in a similar...

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Moneylife Digital Team 30 March 2023
While allowing a writ petition filed by Punjab National Bank (PNB) against the assistant commissioner of state tax, the Bombay High Court (HC) ruled that the Bank has priority over mortgaged assets since the Securitisation and Reconstruction of Financial Assets and Enforcement of Security...

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Moneylife Digital Team 29 March 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of Anugrah Stock and Broking Pvt Ltd (Anugrah/ ASBPL) for indulging in unregistered portfolio management services (PMS) activities, failing to maintain proper books of accounts and...

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Moneylife Digital Team 28 March 2023
The Union government on Tuesday extended the deadline for linking a permanent account number (PAN) with an Aadhaar number to 30 June 2023.    In a release, the ministry of finance says, "To provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended...

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The Delhi High Court on Monday granted six weeks' time to Reserve Bank of India (RBI) for filing response in a plea seeking directions to implement Uniform Banking Code.   Filed as a Public Interest Litigation (PIL) by Advocate and BJP leader Ashwini Kumar Upadhyay, the plea brings up...

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Moneylife Digital Team 20 March 2023
On the Bombay Stock Exchange (BSE), 1072 stocks advanced, 2571 declined and 109 remained unchanged with advance decline ratio of 0.42, indicating a negative closing of stocks in broader markets.   The trend of the major indices on Monday’s trading is given in the table...

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The Haryana real estate regulatory authority (HARERA), Gurugram, has directed the real estate promoter Splendor Landbase Limited to pay delayed possession charges (DPC) to its allottees, after it failed to complete the project and deliver units timely as per the agreement, while setting its...

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The State Consumer Disputes Redressal Commission has slapped a fine of Rs 50 lakh on Kamla Nehru Memorial Hospital here over alleged neglect in treatment of a patient that ultimately caused her death.   Geeta Devi Dwivedi, a resident of Rewa, started getting treatment at the hospital...

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Sponsored Post 11 March 2023
Several youngsters harbour a dream of owning and riding a bike. However, the dream often becomes difficult to achieve because of the expense involved. Since it may not always be possible to pay upfront for your dream bike, a bike loan is a great way to fund this desire. Two-wheeler loans are...

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Moneylife Digital Team 06 March 2023
MTAR Technologies (MTAR) reported another quarter of stellar performance. MTAR is a beneficiary of the clean energy boom. We had earlier covered MTAR in detail here.     In Q3FY22-23, revenue more than doubled y-o-y (year-on-year) to Rs160 crore, driven primarily by growth in...

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Moneylife Digital Team 02 March 2023
While imposing a litigation cost of Rs10,000 and dismissing a revision petition filed by State Bank of India (SBI), the national consumer disputes redressal commission (NCDRC) stated the overall approach and conduct of the Bank concerning the loan transaction with the complainant was not only...

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Moneylife Digital Team 01 March 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of BRH Wealth Kreators Ltd (formerly BMA Wealth Creators Ltd) for multiple offences, including misusing, diverting client's securities and funds, non–redressal of grievances, wrong...

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