Search Results for Tag : Loan
International Cases
A person must apply for registration as a credit provider, if the total principal debt exceeds the threshold prescribed(21.12.2023)
Present is an appeal against the decision of the High Court, where it is declared that a loan and an acknowledgment of debt (the AOD) was subject to t.....
Tags : Loan, Agreement, Repayment
Denying student loan to person not deportable from UK violates right to education(29.07.2015)
The United Kingdom Supreme Court, while determining the availability of student loans for higher education to persons who were not lawfully resident i.....
Tags : United kingdom, education, student loan, resident
Top Story
Reserve Bank of India issues (Regulatory Framework for Microfinance Loans) Directions, 2022(14.03.2022)
Reserve Bank of India issues (Regulatory Framework for Microfinance Loans) Directions, 2022. The provisions of the directions shall apply to All Comme.....
Tags : Microfinance loans, Framework, Directions
Statute
Education Loan Bill, 2016(11.03.2016)
The Education Loan Bill, 2016, a private member bill introduced in th.....
Tags : education loan, refusal, waiver
RBI issues guidelines for Fair Lending Practice(18.08.2023)
Reserve Bank of India (RBI) has issued various guidelines to the Regulated Entities (REs) to ensure reasonableness and transparency in disclosure of p.....
Tags : Guidelines, Loans, Practices
Judgments
A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)
Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....
Tags : Re-payment, loan, co-borrower, liability- joint & severable
A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)
Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....
Tags : Re-payment, loan, co-borrower, liability- joint & severable
No contract shall bind the Corporation if not made in accordance with the provisions of Act(06.09.2018)
The Pune Municipal Corporation has preferred present First Appeal against the money decree passed by the trial Court. The Learned Trial Judge, by the .....
Tags : Money decree, Loan, Sanction
Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)
Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....
Tags : consumer, floating rate, loan
Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)
Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....
Tags : consumer, floating rate, loan
Gender of accused to not be basis for determination of serious economic offences(15.09.2015)
An order of the High Court accepting submissions of the accused that she owed no dues to the complainant banks and further proceedings would be futile.....
Tags : Forged documents, loan, woman, settled dues
Adjustment or exercise of banker's lien can be made, only if, employee makes over pensionary benefits voluntarily to the bank(03.08.2017)
In present case, Petitioner seeks gratuity from his employer. Petitioner submitted that, the Petitioner was an employee of a bank. A disciplinary proc.....
Tags : Gratuity, Entitlement, Loan, Adjustment
Lowered education loan criteria for SC/ST students to be decided by RBI and Government(13.10.2015)
Kerala High Court dismissed petitions against the decision of the State Bank of Travancore to not grant the petitioners educational loans for failing .....
Tags : Education, loan, lower, eligibility, scheduled caste
News
SC Issues Notice in Plea Seeking Extension of Benefits of RBI Circular on Loan Moratorium to NBFCs(15.05.2020)
Supreme Court has issued notice to the Centre and Reserve Bank of India in a plea by The Confederation of Real Estate Developers' Associations of Indi.....
Tags : Supreme Court, Loan Moratorium
RBI Permits Lending Institutions to Allow 3-Month Moratorium on Term Loans(27.03.2020)
Reserve Bank of India has announced that all commercial banks and non-banking financial companies are permitted to allow 3-month moratorium on the pay.....
Tags : Reserve Bank of India, 3-Month Moratorium on Term Loans
ITAT, Delhi: No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency(18.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on rece.....
Tags : Income Tax Appellate Tribunal, Cash loan, Business Exigency
Supreme Court Issues Notice to Centre and RBI on Interest on Loans During Moratorium(26.05.2020)
Supreme Court has issued notice to the Centre and Reserve Bank of India (RBI) in a plea regarding the levy of interest on loan amounts during the stip.....
Tags : Supreme Court, Interest on Loans During Moratorium
Karnataka HC Issues Notice on Plea Seeking to Extend Education Loan Moratorium Scheme Benefit(18.08.2020)
Karnataka High Court has issued notice to the State/Central Government and Reserve Bank of India on a Public Interest Litigation seeking extension of .....
Tags : Karnataka High Court, Education Loan Moratorium Scheme Benefit
ITAT: Onus to Prove Authenticity of Loan Transactions is on Assessee(25.05.2022)
Income Tax Appellate Tribunal (ITAT), Raipur bench has held that if AO doubts the authenticity of loan transactions, then, the onus is upon the assess.....
Tags : ITAT, Loan Transaction, Assessee, Onus
ITAT: Interest-bearing Unsecured Loans Are Allowable As Income Tax Deduction U/S 57(iii)(31.05.2022)
Income Tax Appellate Tribunal, Raipur observed that interest-bearing unsecured loans are allowable as deduction under Section 57(iii) of Income Tax Ac.....
Tags : Income Tax Appellate Tribunal, unsecured loans, deduction
Karnataka HC Asks State to Decide on Bar Association's Plea for Loans(05.08.2020)
Karnataka High Court has directed the State Government to consider and take a decision on a representation made by the Belgavi Bar Association, seekin.....
Tags : Karnataka High Court, Bar Association's Plea for Loans
Bombay HC: RBI Circulars on Loan Moratorium Not Applicable to Mutual Funds(17.07.2020)
Bombay High Court has held that the Reserve Bank Of India's circulars granting moratorium on payment of instalment of term loans for three months and .....
Tags : Bombay High Court, RBI Circulars on Loan Moratorium
ITAT: Non-capitalisation Interest of Loans on P&M and CWP Cannot Be Capitalised and Disallowed(23.05.2022)
Income Tax Appellate Tribunal (ITAT), Amritsar Bench has held that non-capitalisation interest of loan on Plant & Machinery (P&M) and Capital Work in .....
Tags : ITAT, Interest of Loans, Capital Work in Progress
Kerala HC Seeks Response from Govt on SARFAESI Proceedings on Loan Accounts(11.09.2020)
Kerala High Court has sought response from the Central Government about the banks' plea seeking permission to continue Securitisation and Reconstructi.....
Tags : Kerala High Court, Loan Accounts, SARFAESI Proceedings
Delhi HC Grants Relief for Anil Ambani in Rs1,200 Crores Loan Recovery Case(28.08.2020)
Delhi High Court has granted relief to Reliance Communication’s chairman Anil Ambani and stayed the insolvency resolution process (IRP) proceedings ag.....
Tags : Delhi High Court, Loan Recovery Case
ITAT: Income Tax Liability Won’t Arise for Unsecured Loan Transactions Done by Group Entities(16.06.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that income tax liability won’t arise for unsecured loan transactions done by group entiti.....
Tags : ITAT, Income-Tax Liability, Unsecured Loan
Bombay HC: Bank Can't Retain Title Documents After Repayment of Loan Citing Pendency of Another Loan(23.06.2022)
Bombay High Court has held that bank cannot retain title documents of a borrower's house after repayment of a loan, citing general lien on documents, .....
Tags : Bombay High Court, Title Documents, Loan
Supreme Court Asks Centre to Buckle Up Mechanism to Recover Bad Loans(03.01.2017)
Supreme Court has sought more clarity from Centre on the issue of tackling bad loans.
Tags : Supreme Court , Bad Loans , Debt Recovery
Supreme Court Seeks List of Loan Defaulters from Central Govt.(04.01.2017)
Supreme Court has asked Centre to give list of "corporate entities" against whom outstanding loans were in excess of Rs 500 crore, besides seeking emp.....
Tags : Supreme Court, Debt Recovery Tribunals, Bad Loans
Madras High Court Suggests Surrender of Passports from Loan Defaulters(02.01.2019)
Madras High Court has suggested that the Centre bring in appropriate amendments in the Passport Rules, so that banks and financial institutions can de.....
Tags : Madras High Court, Loan Defaulters, Surrender of Passport
Madras High Court Suggests Surrender of Passports from Loan Defaulters(02.01.2019)
Madras High Court has suggested that the Centre bring in appropriate amendments in the Passport Rules, so that banks and financial institutions can de.....
Tags : Madras High Court, Loan Defaulters, Surrender of Passport
MP High Court Rejects PIL Against Farm Loan Waiver(07.01.2019)
Madhya Pradesh High Court has dismissed public interest litigation filed by a lawyer against a government order to waive off short-term agricultural l.....
Tags : Madhya Pradesh High Court, Farm Loan Waiver
CIC: Records of Loans to Adani Groups Cannot be Disclosed under RTI(28.11.2016)
Central Information Commission (CIC) has held that records related to loans given to industries promoted by Gautam Adani cannot be disclosed as these .....
Tags : Central Information Commission, Gautam Adani , State Bank of India , Loans
RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)
Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....
Tags : Reserve Bank of India, loan, repayment, Small Borrowers
SC Directs Centre to Speed Up Implementation of Waiver of Compound Interest on Loan Instalments(15.10.2020)
Supreme Court has directed the Central government to speed up the implementation of waiver of compound interest on instalments of loans up to Rs 2 cro.....
Tags : Supreme Court, Waiver of Compound Interest on Loan Instalments
Bombay HC Directs Co-operative Banks to Disburse Loans to Farmers(20.10.2020)
Bombay High Court has directed the Aurangabad District Central Co-operative Bank to disburse fresh crop loans for the ongoing season without insisting.....
Tags : Bombay High Court, Disbursement of Loans to Farmers
SEBI Penalises NDTV Over Non-disclosure of Loan Terms(30.12.2020)
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs. 5 Crores on New Delhi Television Ltd (NDTV) for not disclosing information .....
Tags : Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs. 5 Crores on New Delhi Television Ltd (NDTV) for not disclosing information on loan agreements with Vishvapradhan Commercial (VCPL) to public shareholders.
Bengaluru DRT Orders Banks to Start Recovering Loan From Vijay Mallya in Kingfisher Case(20.01.2017)
Debt Recovery Tribunal has ordered SBI-led consortium of banks to start process of recovering over Rs 6,203 crore, at 11.5 per cent annual interest ra.....
Tags : Debt Recovery Tribunal, Vijay Mallya, Kingfisher Case, Loan
Jammu & Kashmir High Court Directs FIR Over Online Loan Cheating Through Facebook(22.02.2021)
Jammu and Kashmir High Court has allowed a criminal application seeking directions for registration of First Information Report in a case related to o.....
Tags : Jammu and Kashmir High Court, Online Loan Cheating Through Facebook
Supreme Court Disposes Of PIL Seeking Action Against China-Backed Fake Loans(04.02.2021)
Supreme Court has disposed of a Public Interest Litigation (PIL) petition seeking action against China-backed fake loan apps by asking the petitioner .....
Tags : Supreme Court, China-Backed Fake Loans
Telangana HC Directs DGP to Take Immediate Steps to Block Mobile Phone Loan Apps(05.02.2021)
Telangana High Court has instructed the Director General of Police to take immediate steps to ensure the mobile phone loan apps were blocked at source.....
Tags : Telangana High Court, Mobile Phone Loan Apps
Karnataka HC Advises Finance Ministry to Relook at OTS Norms for Loan Recovery(03.03.2021)
Karnataka High Court has advised the Ministry of Finance and the Reserve Bank of India to have a re-look into the norms of One Time Settlement Scheme .....
Tags : Karnataka High Court, OTS Norms for Loan Recovery
SCDRC Directs Bank to Pay 1L Compensation For Failure to Inform Loan Applicant of Rejection(02.05.2017)
State Consumer Disputes Redressal Commission, Maharashtra has held that failure to inform an applicant about rejection of his loan application constit.....
Tags : State Consumer Disputes Redressal Commission, Loan, Bank
RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)
RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....
Tags : RBI, Loans to CEOs, Directors of Banks
Supreme Court: "It’s Time to Deal with Loan Defaulters Sternly"(09.05.2017)
Supreme Court, while concerned over increasing number of corporate houses and private institutions not paying back loans taken from banks and public b.....
Tags : Supreme Court, Loan Defaulters
Bombay HC Orders Release of Ex- ICICI Bank CEO Chanda Kochhar in Loan Fraud Case(09.01.2023)
Bombay High Court has ordered the release of former ICICI bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in a petition alleging illegal.....
Tags : Bombay High Court, Chanda Kochhar, Illegal Arrest, Loan Fraud Case
Bombay HC: Mere Repayment of Loan Amount ‘No Ground’ For Quashing Cheating Case(29.03.2017)
Bombay High Court has held that re-payment of loan amount will not have any adverse effect on a criminal prosecution and observed that offences involv.....
Tags : Bombay High Court, banking and loan transactions
Bombay High Court: Harassment for Loan Repayment Amounts to Abetment of Suicide(03.04.2017)
Bombay High Court while rejecting discharge pleas of two money lenders has said that continuous verbal and physical abuse and repeated demand for the .....
Tags : Bombay High Court, Loan Repayment, Abetment of suicide
SC: No Justification for Charge of Compound Interest During Loan Moratorium Period(24.03.2021)
Supreme Court has observed that there is no justification for charging compound interest or penal interest during the period of loan moratorium which .....
Tags : Supreme Court, Loan Moratorium Period
SC Affirms Compensation to Lawyer for Bank Wrongfully Keeping His Name in Loan Defaulters List(15.02.2023)
Supreme Court has affirmed National Consumers Disputes Redressal Commission directing Canara Bank to pay compensation of Rs. 5 lakhs to lawyer whose n.....
Tags : Supreme Court, Compensation, Loan Defaulters
Kerala High Court to State Government: Consider Waiving Off Loan Taken for Treating Endosulfan Victim(17.06.2019)
Kerala High Court has requested the State Government to consider writing off a loan availed to treat an endosulfan victim. The victim’s father had ava.....
Tags : Kerala High Court, Loan
ITAT Ludhiana: One-Time Settlement Debt Not Advantageous if Loan Granted Was Separate Transaction(18.06.2019)
Income Tax Appellate Tribunal (ITAT Ludhiana) has observed that the one-time settlement of debt by the bank cannot be treated as beneficial from the b.....
Tags : ITAT, Ludhiana, Loan
ITAT, Mumbai: Forex Gains on Repayment of Interest-free Loan by Relative Not Taxable(19.05.2021)
Income Tax Appellate Tribunal, Mumbai has ordered that foreign exchange gains arising in the hands of an individual, on a repayment of an interest-fre.....
Tags : Income Tax Appellate Tribunal, Forex Gains on Repayment of Interest-free Loan by Relative
Kerala HC Leaves it to RBI, IBA to Decide on Percentage of Marks in Qualifying Exam for Loans(14.10.2015)
Kerala High Court has left it to Central Govt., RBI and Indian Bankers Association (IBA) to decided whether minimum percentage of marks in qualifying .....
Tags : Kerala High Court , education loan
ITAT: Cash Loan from Parents and Brother for Purchasing House for Whole Family do Not Attract Penalty(21.05.2019)
ITAT Delhi has ruled that the cash loan received from the parents and brother of the Assessee for the purchase of the house for the whole family canno.....
Tags : ITAT, Cash Loan
Ker HC: Unilateral Action of Bank of Withholding Title Document After Loan is Repaid is Illegal(20.03.2023)
Kerala High Court has held that merely because the property was transferred by the petitioner during the subsistence of the mortgage, Bank is not enti.....
Tags : Kerala High Court, Bank, Loan, Security Documents
SC Dismisses Application to Recall Judgment Which Directed RBI to Disclose Loan Defaulters List(29.04.2021)
Supreme Court has dismissed the applications filed by certain banks seeking to recall the 2015 judgment in the case Reserve Bank of India v Jayantilal.....
Tags : Supreme Court, Loan Defaulters List
Pune ITAT: Higher Education Abroad Is No Bar for Claiming Interest on Edu Loans for Tax Deduction(02.12.2015)
Pune Income-tax Appellate Tribunal (ITAT) has held that deduction for interest paid on educational loans taken for higher studies will be allowed from.....
Tags : Pune Income-tax Appellate Tribunal , Edu Loans for Tax Deduction
SC Stays Madras HC Order Directing TN Govt to Waive All Crop Loans(03.07.2017)
Supreme Court has stayed a Madras High Court order directing Tamil Nadu government to extend its scheme to waive crop loans to all farmers, including .....
Tags : Supreme Court, Crop Loans
Supreme Court Gives RBI One Week to Reply on Bad Loans Report(18.07.2017)
Supreme Court has granted one week’s time to Reserve Bank of India (RBI) to respond to a report of a committee appointed to deal with bad loans with b.....
Tags : Supreme Court, Bad Loans Report
SC Refuses to Entertain Plea Seeking Clarification on Declaration of Loan Accounts as NPA(09.07.2021)
Supreme Court has refused to entertain a plea seeking clarification and modification of its 23rd March 2021 judgement whereby it vacated the stay on d.....
Tags : Supreme Court, Declaration of Loan Accounts as Non-Performing Assets
Kerala HC: Education Loan to be Based on Projected Future Earnings of Students on Employment(14.07.2021)
Kerala High Court has held that the repayment possibilities of education loans should not be assessed based on the financial position of the parents, .....
Tags : Kerala High Court, Education Loan
Jharkhand HC: Merely Breach of Undertaking to Repay Loan Cannot be Basis of Conviction(16.07.2021)
Jharkhand High Court has held that in the absence of any allegation of deception, false promise, or inducement at the time of the transaction, merely .....
Tags : Jharkhand High Court, Breach of Undertaking to Repay Loan
SC: Lender Who Advanced Interest Free Loans to Finance Business Operations is Financial Creditor(30.07.2021)
Supreme Court has observed that a lender who advanced interest free loans to finance the business operations of a corporate body is a Financial Credit.....
Tags : Supreme Court, Lender Who Advanced Interest Free Loans
Kerala HC: Education Loan Can’t be Rejected for Low CIBIL Score of Student(31.05.2023)
Kerala High Court has held that an application for education loan by a student could not be rejected by a bank on the ground of a low Credit Informati.....
Tags : Kerala High Court, Credit Information Bureau (India) Limited (CIBIL), Education Loan
ITAT, Kolkata Deletes Addition as Interest on Loan After Deduction of TDS(22.10.2021)
Income Tax Appellate Tribunal (ITAT), Kolkata has deleted the addition as interest on Loan duly paid by the assessee after deducting Tax Deducted at S.....
Tags : Income Tax Appellate Tribunal, Interest on Loan After Deduction of TDS
Cal. HC: Interest Paid on Cash Loan Falls Within the Ambit of Unexplained Expenditure(01.09.2023)
Calcutta High Court has held that payment of interest on a cash loan falls within the ambit of unexplained expenditure within the meaning of Section 6.....
Tags : Calcutta High Court, Unexplained Expenditure, Cash Loan
Bombay HC Directs Police to Probe Alleged Scam by Sitting Minister in Farmer Loan Waiver Scheme(14.10.2019)
Bombay High Court has directed the police to register a case and investigate allegations against the management of a sugar factory in Ahmednagar, whic.....
Tags : Bombay HC, Farmer Loan
SEBI Makes it Necessary for Listed Firms to Disclose Loan Default(21.11.2019)
Securities and Exchange Board of India has made it necessary for all listed companies to make public disclosures on loans defaults. The move will hel.....
Tags : SEBI, Loan Default
Delhi Court Denies Bail to Avantha Group Promoter Gautam Thapar in Yes Bank Loan Fraud Case(01.11.2021)
Delhi Court has rejected the bail application filed by Avantha Group Promoter Gautam Thapar in connection with the Yes Bank loan fraud case.
Tags : Delhi Court, Yes Bank Loan Fraud Case
RBI: Fixed Rate Loans up to 3 Years to be Based on Marginal Cost(30.03.2016)
Reserve Bank of India (RBI) has asked banks to price fixed rate loans of up to three years based on their marginal cost of fund from April 1.
Tags : Reserve Bank of India, Fixed Rate Loans
#Union Budget 2020-2021: Additional Rs 1.5 Lakh Tax Benefit on Affordable Housing Loans Introduced(01.02.2020)
Central Government has extended additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021.
Tags : Union Budget 2020-2021, Housing Loan
ITAT: Loan On Interest From Sister Concern Does Amount To ‘Deemed Dividend’(17.11.2021)
Income Tax Appellate Tribunal (ITAT), Delhi bench has held that loan on interest received from the sister concern to fulfill the enhanced requirement .....
Tags : ITAT, Loan on Interest, Deemed Dividend
Delhi HC Restores 'Status Quo Ante' for Loan Classified as NPA by Yes Bank(08.04.2020)
Delhi High Court has held that YES Bank should not have classified a loan account as Non-Performing Asset (NPA) when a delay in payment of installment.....
Tags : Delhi High Court, Loan Classified as NPA by Yes Bank
Delhi HC: RBI Advisory on Moratorium Applicable Even to Loans on Default as on 1st March(09.04.2020)
Delhi High Court has held that the advisory issued by Reserve Bank of India on moratorium on loans in the wake of COVID-19 pandemic is applicable even.....
Tags : Delhi High Court, Loans on Default
SC Irks over Bad Loans, Wondering Why Banks Act Negligent on Such Big Defaulters(12.04.2016)
SC has irked at huge outstanding bad loans in banking system and castigated banks for failing to go after big defaulters and blamed them for only goin.....
Tags : SC , Bad Loans
Education Loan Without Sureties Not a Right: Madras High Court(16.05.2018)
Madras High Court has ruled that students cannot claim educational loans of higher value as a matter of right without submitting sureties.
Tags : Madras High Court, Education Loan
Karnataka HC Dismisses Appeal Challenging Order to Reduce Interest on Home Loan(27.01.2022)
Karnataka High Court has dismissed an appeal filed by Canara Bank (E-Syndicate Bank) challenging an order of the Single judge by which it was directed.....
Tags : Karnataka High Court, Order to Reduce Interest on Home Loan
Allahabad High Court Tosses Power Sector Bad Loans to Centre, RBI(28.08.2018)
Allahabad High Court has refused to give interim relief to stressed power companies by staying the February 12 circular of RBI that mandated big-ticke.....
Tags : Allahabad High Court, Loans
All. HC: EMI of Personal Loan to be Added in Monthly Income for Determining Maintenance u/s 125 CrPC(15.03.2024)
Allahabad High Court has held that in order to determine the monthly allowance payable to the wife under Section 125 of the Code of Criminal Procedure.....
Tags : Allahabad High Court, Section 125 of CrPC, Personal Loan, Monthly Income
Interest-free Loan from Employer Taxable: ITAT, Mumbai(13.06.2018)
Income Tax Appellate Tribunal, Mumbai (ITAT) has said that interest-free loans extended by an employer are taxable in the hands of an employee as a pe.....
Tags : Income Tax, Loan
P&H HC: HC Has Power to Grant Extension of Time for Completion of Loan Repayment Under OTS Scheme(23.02.2022)
Punjab and Haryana High Court has observed that the High Court has the power to grant an extension of time for completion of the loan repayment under .....
Tags : Punjab and Haryana High Court, Completion of Loan Repayment
Supreme Court: Payment of Loan Amount to NBFC Along With Decided Rate of Interest Non-Refundable(05.03.2024)
Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....
Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest
SC: Can’t Claim Refund of Interest Amount if Loan Amount Paid With Decided Rate of Interest(05.03.2024)
Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....
Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest
Bogus Balance Sheet Prepared to Avail Bank Loan Can be Basis for Addition: Calcutta HC(27.06.2018)
Calcutta High Court has held that addition to income can be made on the basis of balance sheet and profit and loss accounts certified to have been pre.....
Tags : Calcutta High Court, Loan
Better to Reject Loan than Running After Defaulters: Madras High Court(29.06.2018)
Madras High Court has dismissed a petition by an aspiring nursing student seeking a direction to State Bank of India for sanctioning her an education .....
Tags : Madras High Court, Education Loan
Notifications & Circulars
Interest Free Loans to IIT Students(04.08.2016)
Interest subvention on the education loans to be provided, for all students admitted for undergraduate and the 5-year integrated degree programmes in .....
Tags : Loans, Interest Free, IIT students
Government of India and World Bank sign $200 Million Loan Agreement for the Assam Agribusiness and Rural Transformation Project(30.10.2017)
The Government of India and the World Bank today signed a $200 million Loan Agreement for the Assam Agribusiness and Rural Transformation Project. The.....
Tags : Loan Agreement, Signing of, Project
New $ 318 million loan Agreement Signed with World Bank to Support Climate Resilient Agriculture - over 500,000 Farmers to Benefit in Tamil Nadu(26.12.2017)
The Government of India, the Government of Tamil Nadu and the World Bank today signed a $318 million loan agreement for the Tamil Nadu Irrigated Agric.....
Tags : Loan Agreement, Signing of, World Bank
RBI Master Direction Risk Management and Inter-Bank Dealings(05.07.2016)
The Reserve Bank of India introduced Master Directions effecting change in the way banks manage risk for national and international borrowers.
.....
Tags : rbi, loan facilities, foreign exchange, risk management
India signs Loan Agreement with the World Bank for USD 21.7 Million for Strengthening the Public Financial Management in Rajasthan Project(29.05.2018)
An Agreement for IBRD Credit of USD 21.7 Million from World Bank for the Strengthening of Public Financial Management in Rajasthan Project was signed .....
Tags : Loan Agreement, Signing of, Rajasthan Project
Government of India and Asian Development Bank (ADB) Signs $75 Million Loan to Improve Urban Services in 4 Karnataka Towns(27.11.2018)
Government of India and the Asian Development Bank signed a $75 million loan here today to provide 24 x7 water supply in Karnataka's four coastal town.....
Tags : Urban Services, Improvement, Loan
Asian Development Bank and India sign $150 Million Loan to Improve Regional Connectivity(01.10.2018)
The Asian Development Bank (ADB) and the Government of India signed here today a $150 Million Loan to finance continued improvements to road connectiv.....
Tags : Loan, Signing of, Improvement, Regional Connectivity
Government of India and Asian Development Bank Sign $85 Million Loan to Support Odisha Skill Development Project(03.12.2018)
The Government of India and the Asian Development Bank (ADB) signed a $85 million loan on 03.12.2018 to improve the skill development eco-system in Od.....
Tags : Loan, Project, Development activities
India signs a Loan Agreement of $328 Million with the World Bank for Improved Health Services in Andhra Pradesh(27.06.2019)
The Government of India, Government of Andhra Pradesh and the World Bank Executive signed here today a Loan Agreement of $328 Million to help improve .....
Tags : Agreement, Loan, Health services, Improvement
Government of India, the Government of Uttarakhand and the World Bank sign $120 million Loan Agreement to improve access to Water Supply Services in the Hilly State of Uttarakhand(22.01.2018)
The Government of India, the Government of Uttarakhand and the World Bank Board signed here today in New Delhi, a $120 million Loan Agreement which wi.....
Tags : Loan Agreement, Water Supply, Improvement
India and ADB sign $206 million loan to strengthen urban services in 5 Tamil Nadu cities(03.12.2019)
The Asian Development Bank (ADB) and the Government of India on 2nd December 2019 signed a $206 million loan to develop water supply and sewerage infr.....
Tags : India, ADB, Loan, Urban services
India signs 200 million US Dollar Loan Deal with World Bank for National Nutrition Mission (POSHAN Abhiyaan) for 315 districts across all states/UTs(07.05.2018)
The Government of India signed a loan deal worth $ 200 million with the World Bank today for the National Nutrition Mission (POSHAN Abhiyaan). The loa.....
Tags : Loan Deal, World Bank, POSHAN Abhiyaan
Short Term Crop Loans eligible for Interest Subvention Scheme and Prompt Repayment Incentive through KCC(26.02.2020)
1. Ministry of Agriculture & Farmers Welfare vide their Office Memorandum, No. F. 1-20/2018-Credit-I, dated January 23, 2020 has advised that Short Te.....
Tags : Loans, Extension, KCC
Draft Frameworks for Sale of Loan Exposures and Securitisation of Standard Assets(08.06.2020)
The Reserve Bank has today placed on its website two draft documents for public comments - the 'Draft Framework for Securitisation of Standard Assets'.....
Tags : Frameworks, Sale, Loan Exposures
ADB, India sign $177 million loan for state road improvements in Maharashtra(28.05.2020)
The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometers (km) of state highways and maj.....
Tags : Loan, road improvements, Signing of
Loans Sourced by Banks and NBFCs over Digital Lending Platforms: Adherence to Fair Practices Code and Outsourcing Guidelines(24.06.2020)
1. It has been observed that many digital platforms have emerged in the financial sector claiming to offer hassle free loans to retail individuals, sm.....
Tags : Loans, Fair Practices Code, Outsourcing Guidelines
Cabinet approves extension of repayment date for short term loans for agriculture and allied activities by banks(01.06.2020)
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to extend repayment date upto 31.08.2020 for Standard Short.....
Tags : Repayment date, Extension, Short term loans, Agriculture
Government of India guaranteed term loan extended by SBI to the Government of Sri Lanka- Settlement in INR(19.05.2022)
1. Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to Regulations 3 and 5 of Foreign Exchange Management (Manner of Recei.....
Tags : Term loan,Extension, Settlement
ADB, India sign $350 million loan to expand metro rail network in Chennai(03.01.2023)
The Asian Development Bank (ADB) and the Government of India today signed a $350 million loan to build new lines and improve the connectivity of the m.....
Tags : Loan, Expansion, Metro
Policy on interest rate on loans for agricultural purposes(01.08.2017)
Reserve Bank of India (RBI) has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks and these interest rates are determ.....
Tags : Policy, Interest rate, Loans, Agricultural purposes
Instructions to stop the facility of re-payment of loan taken against the insurance policy through Credit Card(04.05.2023)
1. The Authority has decided to stop the facility of re-payment of loans taken against the insurance policy using credit card as a mode of payment. Ac.....
Tags : Instructions, Re-payment, Loan
Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 -The Shirpur Merchants' Co-operative Bank Ltd., Shirpur(08.04.2024)
1. It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Reg.....
Tags : Directions, Loans, Prior approval
Action against IIFL Finance Limited under Section 45L(1)(b) of the Reserve Bank of India Act, 1934(04.03.2024)
The Reserve Bank of India has, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, directed IIFL Finance Ltd. (".....
Tags : Gold loan, Sanctioning of, Direction
India signs Financing Loan Agreement with the World Bank for US$ 74 Million for Uttarakhand Workforce Development Project (UKWDP)(18.09.2018)
A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttarakhand Workforce Development Project (UKWDP) was signed with the World Bank .....
Tags : Loan Agreement, World Bank, Project (UKWDP)
Bank loans for the educated unemployed(29.11.2016)
Applicants including educated unemployed persons whose proposals are found bankable in accordance with the norms laid down by the concerned bank obtai.....
Tags : Loans, Facilities, Unemployed youth
India signs $1.5 billion loan with ADB to support India's COVID-19 immediate response(28.04.2020)
The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government's response to the novel.....
Tags : Loan, Signing of, ADB, COVID-19
Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses(06.08.2020)
1. This is with reference to the circulars DBOD.No.BP.BC.27/21.04.048/2014-15 July 22, 2014 and DBR.RRB.BC.No.53/31.01.001/2016-17 dated February 16, .....
Tags : Loans, Gold Ornaments, Non-Agricultural End-uses
Bank Lending and Loan Quality: The Case of India(14.12.2016)
The Reserve Bank of India today placed on its website a Working Paper titled 'Bank Lending and Loan Quality: The Case of India' under the Reserve Bank.....
Tags : Bank Lending, Loan Quality, Working paper
Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17(26.12.2016)
As you are aware the Government of India (GoI) has been implementing the Interest Subvention Scheme (the Scheme) since 2006-07. In terms of the extant.....
Tags : Crop loans, Short term, Scheme
Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities(21.08.2015)
The Reserve Bank of India released guidelines based on a Central government notification reducing the criteria of crop loss from 50 per cent to 33 per.....
Tags : Rbi, relief, farmers, loan, reschedule, crops
India Signs Loan Agreement with the World Bank for USD 25.2 Million for Chhattisgarh Public Financial Management and Accountability Program(05.03.2019)
The Government of India, the State Government of Chhattisgarh and the World Bank signed here in New Delhi today a $25.2 Million Loan Agreement to supp.....
Tags : Loan Agreement, World bank, Signing of
Government of India and ADB sign $926 Million Loan Agreement for Mumbai Metro Rail Project(01.03.2019)
The Asian Development Bank (ADB) and the Government of India signed a $926 Million Loan Agreement today to operationalize two lines for the Mumbai Met.....
Tags : Loan Agreement, Signing of, Rail Project
Implementation of Interest Subvention Scheme for 2015-16 for short term crop loans(13.08.2015)
The Reserve Bank of India approved the implementation of the Interest Subvention Scheme for the benefit of farmers for 2015-2016. The Scheme relates t.....
Tags : farmer, loan, lakhs, three, assistance
Tamil Nadu Health System Reform Program, Signing of $287 Million World Bank loan to improve healthcare in the State of Tamil Nadu(04.06.2019)
The Government of India, Government of Tamil Nadu (GoTN) and the World Bank signed here today in New Delhi a $287 Million Loan Agreement for the Tamil.....
Tags : Reform Program, World Bank, Loan, Healthcare
India Signs Loan Agreement with the World Bank for USD 39.2 Million for the project "Assam Citizen Centric Service Delivery"(05.06.2017)
An agreement for IBRD Credit of USD 39.2 Million from World Bank for the project "Assam Citizen Centric Service Delivery" was signed here today. Loan .....
Tags : Agreement, Loan, Project
National Bank for Agriculture and Rural Development is allowed to perform Aadhaar authentication(15.06.2023)
1.In pursuance of sub-clause (ii) of clause (b) of sub-section (4) of section 4 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Be.....
Tags : National Bank, Aadhaar authentication, Agricultural loan
Mint Street Memos(11.09.2017)
The Reserve Bank of India today placed on its website the fourth release titled 'Agriculture Loan Bank Accounts - A Waiver Scenario Analysis, co-autho.....
Tags : Loan, Waiver, Analysis
RBI releases the Report of the Task Force on the Development of Secondary Market for Corporate Loans for comments(03.09.2019)
The Reserve Bank of India had constituted a Task Force on Development of Secondary Market for Corporate Loans under the Chairmanship of Shri T. N. Man.....
Tags : Report, Release, Corporate Loans
India Signs Loan Agreement with World Bank for USD 100 Million for "Shared Infrastructure for Solar Parks Project"(20.11.2017)
A Guarantee Agreement for IBRD/CTF loan of USD 98 million and Grant Agreement for USD 2 million for the "Shared Infrastructure for Solar Parks Project.....
Tags : Loan Agreement, World Bank, Solar Parks, Project
India Signs Loan Agreement with World Bank for US$ 119 Million for "Odisha Higher Education Programme for Excellence and Equity (OHEPEE) Project(07.11.2017)
A Financing Agreement for IBRD loan of US$ 119 million (equivalent) for the "Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Projec.....
Tags : Loan Agreement, World Bank, Signing of
Review of risk weights assigned to sovereign debt(10.03.2016)
The Reserve Bank of India reviewed and determined risk weights assigned to exposures to domestic sovereigns. Exposure to Central Government, fund and .....
Tags : Risk weight, government, loan, guarantee
RBI releases draft guidelines on Loan System for Delivery of Bank Credit(11.06.2018)
The Reserve Bank of India today released draft guidelines on loan system for delivery of bank credit which stipulate a minimum level of 'loan componen.....
Tags : Guidelines, Release, Loan System
Notification regarding Key Facts Statement (KFS) for Loans & Advances(15.04.2024)
1. Please refer to instructions on Key Facts Statement (KFS) and disclosure of Annual Percentage Rate (APR) as contained in paragraph 2 of 'Circular o.....
Tags : KFS, Loans, APR