Lenders News

Borrowers hoping for a drop in mortgage rates are facing disappointment as major lenders have recently increased rates on new deals, forcing many to make immedi

Fixed mortgage rates are experiencing a significant jump, with further increases anticipated in the coming days, as volatility in the swap rate market prompts l

The RBI rejected lenders' proposal to acquire pre-NPA assets and resell them to the same borrowers, citing Section 9 of the Banking Regulation Act which bars ba

India's gold loan market has quadrupled to ₹18.6 trillion in the last five years, surpassing personal loans, yet only about 8% of household gold is monetized th

The Financial Conduct Authority (FCA) is facing accusations in new court filings of prioritizing lenders over consumers in its car finance redress scheme.

Dissenting lenders, including Canara Bank and Union Bank, have challenged the NCLT's approval of Subhash Chandra's personal insolvency plan at the NCLAT. They a

Lenders, including major financial institutions, have challenged the NCLT's approval of Subhash Chandra's ₹6.5-crore debt repayment plan in the NCLAT.

Essel Group Chairman Subhash Chandra has assured lenders that group entities will reconcile and settle outstanding dues, emphasizing his personal debt is zero w

Lenders are reportedly forming a 'union' in opposition to Chandra's proposed 'haircut'.

HDFC Bank and LIC Housing Finance plan to challenge the NCLT ruling regarding Zee Group's debt settlement, which included a small payment from guarantor Subhash

The NCLT has approved Subhash Chandra's Rs 6.5 crore payout to settle Rs 22,006 crore in dues, representing a 99.97% haircut, despite objections from lenders re

The RBI is pushing for clearer rules on loan spreads, rate revisions, and APRs for banks and NBFCs, which could make borrowing more transparent but might lead l

Weekly credit reporting is now in effect, allowing missed payments, new loans, and repayments to appear faster, which will change how quickly lenders assess fin

An increase in multiple vehicle loans and larger ticket sizes is raising credit risks for lenders, particularly in commercial vehicle finance where borrowers wi

Aditya Birla Group is seeking financing for Sprng Energy from local lenders, with Axis Bank underwriting the entire amount of around Rs 5,000 crore and likely r

The Reserve Bank of India (RBI) has issued new guidelines for lenders regarding loan recovery, specifically addressing whether they can block or lock devices pu

RBI has introduced a new recovery framework that prohibits lenders and agents from harassment, threats, and surprise visits, while also setting rules for call t

The Reserve Bank of India (RBI) has postponed the implementation of new loan recovery norms until January, following requests from lenders for more time. This d

The Reserve Bank of India (RBI) is developing comprehensive AI guidelines for banks and non-bank lenders, moving towards a broader regulatory framework to manag

Leopold Aschenbrenner's hedge fund, Situational Awareness, is reportedly seeking to raise capital after experiencing losses in the AI market. The fund has engag

ASIC has uncovered widespread multimillion-dollar failures among major Australian lenders concerning mortgage offset accounts.

Cubictree uses AI to protect lenders from hidden property fraud by aggregating and analyzing unstructured data from newspaper notices, court records, and other

Lenders attempting to recover money have been jailed for the 'filmy abduction' of a techie.

Bira 91 founder Ankur Jain and his family have stepped down from the company's board following a settlement with lenders and investors. Jain stated he will no l