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RBI Limits excessive charges on loans up to Rs 50,000 under PSL

RBI Limits excessive charges on loans up to Rs 50,000 under PSL

Bank said that no loan-related and ad hoc service charges or inspection charges shall be levied on priority sector loans up to Rs 50,000. This crucial step has been taken to protect small borrowers from unnecessary financial stress and to also ensure fair that there is a fair lending process

25 March,2025 10:47 AM IST | Mumbai
Bombay HC upholds MahaRERA order, directs developer to refund couple

Bombay HC upholds MahaRERA order, directs developer to refund couple

The Bombay High Court also levied a cost of Rs 1 lakh (to be paid to the respondent) on the errant developer in driving the respondents (flat buyers) to unnecessary litigation before the appellate tribunal and now before the high court

19 March,2025 10:55 AM IST | Mumbai | Vinod Kumar Menon
Maharashtra: Congress stages protest over farmers' issues in Latur district

Maharashtra: Congress stages protest over farmers' issues in Latur district

State government's policies for farmers and symbolically presented its memorandum to a statue of Chhatrapati Shivaji Maharaj

04 March,2025 12:21 PM IST | Latur | mid-day online correspondent
HC irked by copy-paste bank orders, asks Anil Ambani to approach RBI

HC irked by copy-paste bank orders, asks Anil Ambani to approach RBI

A division bench of Justices Revati Mohite Dere and Neela Gokhale was hearing a petition filed by Anil Ambani challenging the October 10, 2024 order passed by the Union Bank of India

28 February,2025 06:59 PM IST | Mumbai | PTI
Not scam, but cyber attack: Cosmos Co-operative Bank

Not scam, but cyber attack: Cosmos Co-operative Bank

The incident in 2018-19 where R94 crore was siphoned off was due to a cyber attack and bank has adopted adequate security measures since

27 February,2025 07:41 AM IST | Mumbai | A Correspondent
Bharat Co-operative Bank clarifies: No restrictions on loans or deposits

Bharat Co-operative Bank clarifies: No restrictions on loans or deposits

Also denies its involvement in ED’s investigations pertaining to a money laundering case

23 February,2025 07:23 AM IST | Mumbai | A Correspondent
Identity theft scam: Cyber crooks misuse woman’s papers to steal Rs 25 lakh

Identity theft scam: Cyber crooks misuse woman’s papers to steal Rs 25 lakh

Complainant says multiple loans and credit cards were issued in her name from various banks

23 February,2025 07:08 AM IST | Mumbai | Aishwarya Iyer
MMRDA secures Rs 7,326 cr loan for Orange Gate-Marine Drive Tunnel

MMRDA secures Rs 7,326 cr loan for Orange Gate-Marine Drive Tunnel

According to MMRDA officials, it has successfully secured financial closure for the Underground Orange Gate to Marine Drive Tunnel Road, with 7326 crores sanctioned by Union Bank of India

19 February,2025 11:09 AM IST | Mumbai | A Correspondent
New India Co-operative Bank scam: Could RBI have stopped the Rs 122-crore fraud?

New India Co-operative Bank scam: Could RBI have stopped the Rs 122-crore fraud?

Cops likely to grill Central Bank officials on how missing cash was never flagged; will conduct a lie detector test on ex-general manager; EOW sources revealed that the RBI had flagged multiple irregularities in the bank’s operations

19 February,2025 09:51 AM IST | Mumbai | Faizan Khan
Dindoshi police nab bigamist who duped widow, fled with gold

Dindoshi police nab bigamist who duped widow, fled with gold

Though married with two kids, he ‘married’ a widow and stole her jewellery

16 February,2025 07:30 AM IST | Mumbai | Samiullah Khan

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