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KOLKATA: A system error at Bank of Baroda may have led some of its home-loan customers to stump up more than what they were due to pay in scheduled monthly repayments in March, multiple people aware of the problem told ET. The public sector bank, its spokesperson said, has taken remedial steps.The bank, said multiple people ET spoke with, charged a higher interest rate by mistake, leading to the deduction of an amount exceeding the scheduled equated monthly instalment (EMI). Alternatively, the bank charged less interest in some cases than it ought to have, its spokesperson said.Several borrowers were also allegedly marked delinquent when there was insufficient balance in their accounts against the higher liabilities, causing panic. To add to their woes, private recovery agents have started chasing them as overdue amounts automatically trigger an alarm. These borrowers have also seen their credit score drop, raising their distress level.A bank spokesperson said that corrective measures ...

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Mumbai: Once sold in bulky tubs mostly to bodybuilders, whey protein is now showing up in sachets and single scoop packs as marketers emulate the playbook of everyday fast-moving consumer goods (FMCG) to drive penetration, affordability and on-the-go consumption amid rising demand."Everyone is becoming more aware of how short on protein they are," said Tarun Arora, chief executive officer of Zydus Wellness. This is pushing protein from a discretionary purchase toward a lifestyle staple.However, high costs, driven by expensive raw materials and supply chains, have historically kept the category out of reach for many, with kilogram packs often priced above ₹2,000. Hence the small packs, which are cheaper to try and easier to carry. 129738045 "Sachets should be a growth mechanism, not a margin lever. It is about lowering friction, not lowering price," Arora said.Companies such as Truebasics, MuscleBlaze, Wellbeing Nutrition and Optimum Nutrition now offer sachet bundle...

Mumbai: When it rains in Dubai, it pours in Mumbai. As the desert metropolis deals with a nervous property market, Indians who used credit cards to buy homes in Dubai are beginning to receive notices from the Enforcement Directorate (ED).These property buyers had either swiped international credit cards (ICCs) on visits to the Emirates to pay the initial deposit or had clicked on payment links sent by UAE developers-probably, oblivious that they were trampling on Indian laws.At least three persons were served notices by the central agency in February, questioning their source of funds for the deals, sources told ET.129737458 Credit card transactions are like short-term loans and foreign exchange regulations prohibit individuals from borrowing to buy foreign properties. The Reserve Bank of India (RBI's) liberalised remittance scheme (LTS) used by resident individuals to buy stocks and apartments abroad requires transfer of tax paid funds through official banking channels.Those stunn...

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