The Court highlighted that bank regulations do not allow the full recovery of pension from retired staff for loan defaults.

Bengaluru: Coming to the rescue of a retired bank employee, Karnataka high court recently directed Canara Bank not to debit ...

A poor credit score complicates future borrowing and compels new loans to be at a greater rate of interest. As per rules set out by the Reserve Bank of India ... assets as per legal provisions.

BENGALURU: The Karnataka High Court directed a nationalised bank not to recover over 50% of an employee’s pension towards his ...

Finance minister Nirmala Sitharaman announced continued action against wilful bank defaulters, emphasizing that loan write-offs do not absolve debtors ... and convenience for depositors and their ...

Bengaluru-based public sector bank Canara Bank has announced the appointment of S K Majumdar as Executive Director of the bank. Prior to this elevation, Majumdar served as the CFO with the bank.

Bank has introduced two special personal loan schemes under Canara Budget i.e. Canara Budget Prime (Govt. Employees) and Canara Budget Delight (Private Sector Employees) which has supplemented the ...

Canara HSBC Life Insurance will offer its 'Group Asset Secure' product --a comprehensive credit life insurance plan--designed to protect borrowers and their families against loan liabilities in ...

By integrating a robust insurance solution into the home loan process, Canara HSBC Life Insurance and GIC Housing Finance are reinforcing their shared commitment to customer-centric financial ...

However, it is important to acknowledge that being a loan guarantor entails high risks and complications you should be aware of. Legal provisions such as the Indian Contract Act, 1872’s section ...

The Bancorp, a go-to bank for multifamily syndicators, faces a suit from investors disputing the default risk of its loan book ...