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Loan Recovery Agents Should Not Harass Borrowers For Overdue Loans: RBI

Business oi-Roshni Agarwal | Published: Saturday, August 13, 2022, 12:32 [IST] Amid increasing complaints with regard to unjust recovery policies together with strong-arm practices employed by loan recovery agents, the apex banker-RBI on Friday asked financial institutions that come under its ambit to ensure that recovery agents do not harass borrowers for loan recovery. The …

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RBI Directs Loan Recovery Agents Not To Intimidate Borrowers, No Calling Before 8Am & After 7Pm

Business oi-PTI | Published: Saturday, August 13, 2022, 9:05 [IST] The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it …

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Bank of Maharashtra tops list of PSU lenders in Q1 loan, deposit growth

Bank of Maharashtra (BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23. The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of June 2022, …

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RBI directs loan recovery agents not to intimidate borrowers, no calling before 8am & after 7pm

MUMBAI: The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it has observed that recovery agents are deviating from its …

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RBI directs loan recovery agents not to intimidate borrowers, no calling before 8am & after 7pm

The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it has observed that recovery agents are deviating …

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Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance

Defi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11. Maven 11 announced that the launch of the loan pool is designed to help institutional businesses seek income opportunities. A $30 million pool of funds funded by institutional lenders will provide liquidity to borrowers used …

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Bank Of Maharashtra Tops List Of PSU Lenders In Q1 Loan, Deposit Growth

Business oi-PTI | Published: Friday, August 12, 2022, 15:02 [IST] Bank of Maharashtra (BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23. The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to …

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Beware! Google Play Store loan apps scams thrive; 29 scam loan apps still available

Beware! Google Play Store loan apps scams thrive; 29 scam loan apps still available

A week after Pedro Figueroa borrowed 10,000 pesos ($500) from Jose Cash, a popular Mexican lending app, the barrage of online abuse began. A week after Pedro Figueroa borrowed 10,000 pesos ($500) from Jose Cash, a popular Mexican lending app, the barrage of online abuse began. A slew of WhatsApp messages swamped his phone, threatening …

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