loan defaulters

Amend Passport Rules to prevent loan defaulters from fleeing: Madras HC

It can also be made clear that till the loan is cleared, passport would not be handed over and in case of failure passport may be temporarily cancelled, Justice S Vaidyanathan said.

published on : 31st December 2018

HDFC Bank sends 250 summons via WhatsApp, e-mail to defaulters

The official said over 60 lakh cheque bounce cases are pending in the country and HDFC Bank has taken a lead by requesting the courts to use digital means to issue summons.

published on : 15th September 2018

Banks may take 40-60 per cent cut on loan defaults: Study

Banks may need to take a haircut of 40-60 per cent on loan defaults to facilitate better rating to implement a resolution plan, reveals a joint study.

published on : 13th September 2018