Recovery Agents May Be Barred From Calling Borrowers Between 7 pm And 8 am
NDTV
The Reserve Bank of India has proposed stricter norms for recovery of overdue loans.
The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.
Regulated Entities (REs) like banks and NBFCs should not outsource core management functions, including policy formulation and decision-making functions like determining compliance with KYC norms and according sanction for loans, said the 'Draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services'.
"The underlying principle of the proposed directions is that the RE should ensure that outsourcing arrangements neither diminish its ability to fulfil its obligations to customers nor impede effective supervision by the supervisory authority," the Reserve Bank of India said.
The BJP, Vishnu Deo Sai said, has shown huge respect to Ambedkar, no matter who headed the government -- Atal Bihari Vajpayee or Narendra Modi.
Shyam Benegal, who burst on the scene with his first film "Ankur" in 1974, was a chronicler of India's times and politics.
A second-cousin brother of the late legend, actor-film-maker Guru Dutt, Shyam Benegal was 90 and breathed his last at a private hospital in Mumbai. He is survived by his wife Nira and their daughter Pia.
The union government has scrapped the 'no-detention policy' for classes 5 and 8 in schools governed by it allowing them to fail students who do not clear the year-end exams, according to officials.
"Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works India (Engineering) Private Ltd," a company statement said.
Several domestic carriers, between October and November, received hundreds of "hoax" messages or calls on their official communication channels including on social media.
Former Chief Minister Naveen Patnaik's BJD has made it clear that they are not against Electronic Voting Machines, questioning instead the integrity of the election process.
Lavi Pal alias Rahul Saini was arrested after an encounter in which he was injured on the intervening night of Sunday and Monday.
Seven Indians were injured in the deadly car-ramming attack in the eastern German city of Magdeburg.
The man, identified as Zakir, gesticulated to a biker to help him, even as the truck kept accelerating, showed the 36-second clip.
All the accused were arrested in November and December after reviewing data from the Indian Cyber Crime Coordination Center (I4C), said Priyanshu Dewan, ACP (cyber).