Page 3 - Loan Recovery

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

Covid-19 pandemic may set back banks' recovery by years, says S&P

It also expects non-performing assets (NPAs) to hit a fresh high this year.

A deferred free lunch for good conduct

RBI could ask banks to reward customers who do not default by giving a discount at the end of the loan's tenure

Loan recovery onus on govt too, says BoB chief

He said the govt needs to pay vendors on time for services, ensure the projects perform and improve the legal system by upgrading enforcement processes

FinMin to meet bank officials on March 21 on loan recovery

It'll also deliberate on ways how banks can be more proactive in dealing with cases of wilful and genuine defaulters