Search Results for Tag : borrowers

Notifications & Circulars

Relief for MSME Borrowers registered under Goods and Services Tax (GST)(07.02.2018)

Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, res.....

Tags : MSME Borrowers, Relief, GST

Expert committee to assist Government for assessment of relief to bank borrowers(10.09.2020)

Various concerns have been raised during the proceedings of the ongoing hearing in Hon'ble Supreme Court of India, in the matter of Gajendra Sharma Vs.....

Tags : Expert committee, Assistance, Bank borrowers

News

Bom. HC: Show Cause Notice for Contempt Issued Against Individuals Borrowing from NBFCs(27.03.2024)

Bombay High Court has issued show cause notice for contempt proceedings against certain borrowers who after giving a solemn undertaking to the Court, .....

Tags : Bombay High Court, Show Cause Notice, Contempt, Borrowers

SC Questions RBI’s Policy to Maintain Secrecy of Defaulter's Name(25.10.2016)

Supreme Court has asked Reserve Bank of India why names of borrowers that owe more than Rs 500 crore to country’s banks shouldn't be made public.

Tags : Supreme Court, RBI, borrowers, Defaulters

SC Seeks Government Reply on Relief to Big Borrowers(06.10.2020)

Supreme Court has asked the Centre to place on record its decisions on relief to big borrowers while waiving interest on loans up to Rs 2 Crores payab.....

Tags : Supreme Court, Relief to Big Borrowers

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

Supreme Court: Borrowers Retain Redemption Rights if Balance is Paid After Auction Deadline(03.04.2026)

Under the SARFAESI Act, 2002, the Supreme Court held that if an auction buyer fails to pay the balance on time, the sale is incomplete and not final; .....

Tags : Borrowers, Redemption Rights, Auction