NCLAT ruled that reclassifying corporate debtor accounts as standard cannot affect a creditor’s right to pursue personal guarantors, overturning earlier ...

CGAS is especially beneficial for sellers of property as they can deposit their unutilised capital gains for up to three ...

Anil Ambani Group company Reliance Communications (RCOM) has informed the exchanges that IDBI Bank has declared the company’s loan account as “fraud”. In a letter dated October 29, IDBI Bank said it ...

Ahmedabad: A consumer commission has ordered a private bank to pay Rs 15,000 as compensation to an account holder for not providing him with a bank statement and details of the amount to be paid for ...

One of the government’s student loan servicers failed to send timely billing statements to roughly 2.5 million borrowers, pushing more than 800,000 into delinquency, the Department of Education said ...

Nairobi — The Higher Education Loans Board (HELB) has revealed that lawyers and accountants lead in student loan defaults, even as the agency pushes for new legal powers to freeze bank accounts of ...

Several Indian microfinance companies are defaulting on bank loans due to asset quality stress and funding crunches, ...

India, Oct. 29 -- Reliance Group Chairman Anil Ambani has withdrawn a petition seeking relief in a fraud case filed by IDBI Bank in connection with a loan granted Rs 750 crore granted to Reliance ...

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to ...

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch participating in electronic payment ...

Underlining the importance of microfinance in the country’s economic development and empowerment of women, Department of Financial Services Secretary M. Nagaraju on Thursday called for introspection ...