#lenders
SBI-led lenders say Vijay Mallya owes Rs 8,752 crore more
A group of lenders, spearheaded by the State Bank of India, has revealed that Vijay Mallya still owes an astonishing Rs 8,752 crore. This figure remains despite having recovered over Rs 10,270 crore, including recent payments. Mallya's claims of settling his …
SBI-led lenders say Vijay Mallya owes Rs 8,752 crore more
A group of lenders, spearheaded by the State Bank of India, has revealed that Vijay Mallya still owes an astonishing Rs 8,752 crore. This figure remains despite having recovered over Rs 10,270 crore, including recent payments. Mallya's claims of settling his …
Byju Raveendran says settlement near after Singapore court contempt order
Byju Raveendran announced a settlement in principle with lenders like GLAS Trust and Qatar Investment Authority, following a Singapore court's contempt ruling. He stated the court proceedings created a misleading impression, as parties were nearing a comprehe…
RBI reworks draft loan recovery directions following industry feedback
The draft norms also bar lenders from disabling essential features such as internet access, incoming calls, emergency SOS services and public safety notifications
AI-powered early warning systems are changing credit risk management
AI-powered early warning systems are transforming credit risk management by analyzing real-time data to identify financial stress. These systems enable lenders to act proactively, offering tailored interventions to borrowers and improving portfolio monitoring…
RBI issues draft rules for acquiring immovable assets against loans: What they mean for lenders and borrowers
RBI also laid ground rules for how these seized assets must be handled, including how long the lenders can keep them, and who is banned from buying them back.