Loan recovery

RBI red-flags loan apps’ unethical recovery practices

RBI Governor Shaktikanta Das said the need of the hour is to ensure safety following a process of whitelisting and due diligence by the regulated entities.

published on : 21st September 2022

RBI directs loan recovery agents not to intimidate borrowers, restricts call timings

RBI also said it has observed that recovery agents are deviating from its instructions with regard to the recovery of loans.

published on : 12th August 2022

Andhra Pradesh: Loan recovery fraud surfaces in Prakasam SC Corporation, staffer suspended

On the directives of the higher officials, it has issued loan recovery notices to all the defaulters as well as to their guarantors.

published on : 8th August 2022

Widespread harassment by loan recovery agents

A reminder on how widespread harassment by recovery agents is. There have been many similar cases in Andhra Pradesh in recent times.

published on : 30th July 2022

Loan recovery agents dial AP Agriculture Minister Kakani for loan repayment, arrested

Loan-offering apps require access to the contacts of the applicant. In case the s/he defaults, the recovery agents get in touch with the alternative contacts and others in the loanee’s contact list.

published on : 30th July 2022

Bengaluru: Quick loan recovery agents resort to foul, indecent language in shaming defaulters

Being called a 'rapist' in messages sent to all the borrower's contacts is just one of the milder derogatory terms used.

published on : 4th April 2022

Bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before RBI's Monday deadline

The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.

published on : 26th August 2018

Bank woes to pass as recovery of bad loans gathers pace

Banks placed under Prompt Corrective Action can be restricted from expanding the number of branches, staff recruitment and increasing the size of their loan book.

published on : 17th August 2018