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Searched Tag: banks

Mallya seeks clarity on debt recovery, K'taka HC sets deadline

Vijay Mallya seeks clarity on debt recovery, K'taka HC sets deadline

February 5, 2025, 07:37 PM - 3 min read

Senior advocate Sajan Poovayya, representing Mallya, argued that the winding-up order against Kingfisher Airlines and its holding company, UBHL, had been upheld at all judicial levels, including the apex court.

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The Reserve Bank of India (RBI) has announced significant changes regarding loan terms, emphasizing transparency and borrower empowerment.

RBI's new directive: Lenders must offer 'Key Fact Statement' to borrowers

April 16, 2024, 04:52 PM - 2 min read

Any fees, charges etc. which are not mentioned in the KFS, cannot be charged by the Regulated Entities (REs) to the borrower at any stage during the term of the loan without explicit consent of the borrower.

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