Mahindra Finance says RBI lifted restrictions on loan recovery via outsourcing

Jan 04, 2023

On September 22, 2022, the RBI directed Mahindra and Mahindra Financial Services Limited to immediately cease carrying out any recovery or repossession activity through...

Loan sanctioning goes digital, but recovery still needs 'Feet on the Street': RBI Deputy Governor

Sep 02, 2024

The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street',...

Vijay Mallya moves Karnataka High Court, seeks loan recovery accounts from banks

Feb 05, 2025

Mallya's counsel has argued that the loan recovery officer stated that Rs10,200 crore has been recovered. He claimed that even though the full loan...

Microfinance sector shows signs of recovery; loan growth picked up in Q4FY25: Report

Apr 10, 2025

India's microfinance sector, which went through a tough phase in recent quarters, is now showing early signs of recovery, according to a report by...

IDBI Bank shares surge on bad loan recovery, privatisation buzz

Aug 26, 2022

Mumbai (Maharashtra) [India], August 26 : Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive...

Economic recovery key to limiting Indian banks' loan losses: Fitch

Oct 06, 2020

Mumbai (Maharashtra), October 6 : Indian banks face a tough operating environment in the near term as stressed loans and write-offs increase as a...