.New Delhi, Delhi, India
The lending institutions, like banks, take steps for the recovery of dues based on the category of loans. (Photo Credit: Representational Image/Unsplash)
- Lenders, sanctioning home loans, ensure there is a co-applicant so that recovery is not affected in case borrower dies
- They often don't sanction loans if the borrower does not have an adequate life insurance policy
- Personal loans and credit cards are unsecured and are mostly written off
.New Delhi, Delhi, India
RBI has imposed a penalty of Rs 10 crore on HDFC Bank. (Photo Credit: Twitter/@ANI)
- The HDFC Bank was fined over deficiencies in regulatory compliances with regard to its auto loan portfolio
- A whistleblower had filed a complaint regarding the irregularities
- The RBI's order imposing the fine was issued on May 27
.Mumbai, Maharashtra, India
This will be Lodha Developers' third regulatory approval to IPO list since 2009. (Photo credit: Representational/unsplash)
- Macrotech Developers Ltd is formerly known as Lodha Developers
- They will sell its 2,500 crores worth of shares
- The company will be using a portion of its net proceeds to settle the debts
.New Delhi, Delhi, India
A person can deposit a minimum of Rs 500 to a maximum of Rs 1.5 lakh per year. (Photo Credit: Unsplash)
- PPF or Public Provident Fund is a long term savings scheme run by the central government
- Recently, a few rules related to instalments and interests have been made
- An account holder can make more than one deposits every month unlike previous rules
.New Delhi, Delhi, India
(Photo Credit: Representational/ Unsplash)