SARFAESI News

ICICI Bank looks to attach brands of Gitanjali Gems under Sarfaesi ...

ICICI Bank looks to attach brands of Gitanjali Gems under Sarfaesi ...

Fraud-hit ICICI Bank is sprucing up efforts to attach properties of Mehul Choksi-owned Gitanjali Gems in a bid to recover multiple loans amounting to over Rs ...

Rising interest rates pose risk for Indian ABS backed by loans against property, Moody's says

Rising interest rates pose risk for Indian ABS backed by loans against property, Moody's says

COIMBATORE: Rising interest rates for loans against property (LAP) to small and medium-sized enterprises (SMEs) over the rest of 2018, together with cautious underwriting by lenders in light of rising delinquencies, will pose a risk for Indian asset ...

Banks' 'symbolic possession' of defaulter properties leading to huge write-offs

Banks' 'symbolic possession' of defaulter properties leading to huge write-offs

You will not find word "symbolic possession" in the Indian law, but this self-invented term is causing huge losses to public sector banks. It is a tool rampantly used to push away prospective buyers of defaulters' properties and helping the ... They ...

India: India Steps Towards Localisation Of Payment Systems Data

India: India Steps Towards Localisation Of Payment Systems Data

Recent Changes To The Debt Recovery Regime In India. Trilegal. The recent amendments to the SARFAESI Act demonstrate the Indian government's commitment to put in place an efficacious system for dealing with bad debts and making debt recovery ...

Market Live: Sensex trades lower, Nifty below 11K; Infosys hits record high

Market Live: Sensex trades lower, Nifty below 11K; Infosys hits record high

Rupee Opens: The Indian rupee opened marginally lower at 68.55 per dollar on Monday versus previous close 68.52. Rupee fell on Friday, ahead of the trade balance number that was released post market hours. India's trade deficit for June widened to the ...and more »

Why Intellectual Property Rights as security for loans is correct in legal terms

Why Intellectual Property Rights as security for loans is correct in legal terms

It is respectfully submitted that in terms of the above provisions of the SARFAESI Act, the bank accepting assignment of any trademark as the security for a loan outstanding is the secured creditor having security interest over the trademark and is ...

DRT recoveries equal losses from frauds in 2017-18

DRT recoveries equal losses from frauds in 2017-18

They managed to recover only Rs 15,920.44 crore through loan sales to ARCs, according to data submitted by the Reserve Bank of India (RBI) to the parliamentary committee on finance last week. ... RBI in a submission to the parliamentary panel on ...and more »

India to re-emerge as 'investors paradise'; top 15 stocks can give up to 77% return

India to re-emerge as 'investors paradise'; top 15 stocks can give up to 77% return

The high valuations enjoyed by the stock could be attributed to improving economies and business across states, benefits arising out of SARFAESI Act, better recoveries along with declining slippages and expectations of healthy business growth - loan ...

Loan heat on hotel

Loan heat on hotel

"The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act states that if a borrower fails to discharge his liability even after the bank issues default notice, the lender is empowered to take ...

Scouting for next set of opportunities

Scouting for next set of opportunities

The investors who have exposure to retail assets across the globe and in India believe that in India, a lot can be done to enhance the shopping experience and increase the retail sales by implementing many aspects of data analytics used globally ...and more »