MUMBAI: The National Housing Bank (NHB) has directed the heads of all Housing Finance Companies (HFCs) to submit bad loan data by the first day of every month, according to sources familiar with the matter. This move comes after NHB observed that HFCs were continuing to collect loan payments for the previous month even up […]
NHB Instructs HFCs to Report Bad Loan Data on the First Day of Every Month.more
BENGALURU: A consumer court has recently ruled against CanFin Homes Ltd, a housing finance company, for failing to return the property documents to a Bengaluru resident despite him having fully repaid his loan. The court has ordered the company to hand over all the documents and also compensate the borrower with over Rs 1.3 lakh. […]
Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documentsmore
MUMBAI: The National Company Law Tribunal (NCLT) has confirmed the validity of the charge held by Piramal Capital & Housing Finance on Radius Estate Projects’ 5.4-acre development in Santacruz, Mumbai. This ruling, announced on Wednesday, settles a disputed issue involving creditors, including J.C. Flowers Asset Reconstruction and Piramal Capital & Housing Finance, by clarifying the […]
Piramal Capital Recognized as Creditor in Radius Project’s Mumbai Development.more
NEW DELHI: All banks, non-banking financial institutions, housing financing businesses, asset reconstruction organizations, and others have been ordered by the Reserve Bank of India (RBI) to produce property documentation within 30 days after repayment. “Upon receiving full repayment and closing of the loan account, regulated enterprises (REs) are required to release all documentation pertaining to […]
After loan repayment, deliver title documents to borrowers: RBImore
