The IBA has asked the RBI to exempt government accounts from the current account circular
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![The IBA has asked the RBI to exempt government accounts from the current account circular](https://static.wixstatic.com/media/d515a3_ca4468b7a145446bb68ade82059f3959~mv2.png/v1/fill/w_209,h_204,fp_0.50_0.50,q_95,enc_auto/d515a3_ca4468b7a145446bb68ade82059f3959~mv2.webp)
The Indian Banks' Association (IBA) has asked the Reserve Bank of India (RBI) to exempt government accounts held with various banks from...
![NARCL to fix a fee to manage bad assets](https://static.wixstatic.com/media/d515a3_70f524986e444adab7775cbf873bdbfa~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_70f524986e444adab7775cbf873bdbfa~mv2.webp)
- Sep 7, 2021
- 2 min
NARCL to fix a fee to manage bad assets
According to a source familiar with the situation, the management of India's bad bank is considering the modalities of how much lenders...
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![Madhya Pradesh High Court stays RBI Circular on urban co-operative banks](https://static.wixstatic.com/media/d515a3_39afb509376345e08cf8fba6d5c36b06~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_39afb509376345e08cf8fba6d5c36b06~mv2.webp)
- Sep 7, 2021
- 3 min
Madhya Pradesh High Court stays RBI Circular on urban co-operative banks
The Madhya Pradesh High Court has delayed a Reserve Bank of India Circular that imposed certain requirements on Urban Cooperative Banks....
![McLeod Russel steps out of insolvency after settlement with the financial creditor](https://static.wixstatic.com/media/d515a3_e3f6f9612d0e41beaeea3f4af3fe29bb~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_e3f6f9612d0e41beaeea3f4af3fe29bb~mv2.webp)
- Sep 7, 2021
- 2 min
McLeod Russel steps out of insolvency after settlement with the financial creditor
The proprietors of McLeod Russel India, the country's largest tea producer, have reached an agreement with Techno Electric & Engineering,...
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![IBBI proposes a number of changes, including the Creditors' Code of Conduct and the Swiss Challenge](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Sep 6, 2021
- 3 min
IBBI proposes a number of changes, including the Creditors' Code of Conduct and the Swiss Challenge
The Insolvency and Bankruptcy Board of India (IBBI), a bankruptcy law regulator, has asked these questions to Should the members of the...
![NCLAT issues notice over Punjab National Bank's plea against Jet Airways resolution plan](https://static.wixstatic.com/media/d515a3_78191a56cf5844b3aa1dce4276742567~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_78191a56cf5844b3aa1dce4276742567~mv2.webp)
- Sep 6, 2021
- 2 min
NCLAT issues notice over Punjab National Bank's plea against Jet Airways resolution plan
Punjab National Bank (PNB), a public sector lender, has appealed the approval of bids for the insolvent carrier Jet Airways to the...
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![IBBI must establish a system for auditing RPs' work and enforcing the RPs' Code of Conduct](https://static.wixstatic.com/media/d515a3_ca10d6339e6d4c7eb31f1059d7467199~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_ca10d6339e6d4c7eb31f1059d7467199~mv2.webp)
- Sep 6, 2021
- 2 min
IBBI must establish a system for auditing RPs' work and enforcing the RPs' Code of Conduct
The Insolvency and Bankruptcy Board of India’s (IBBI) proposed Code of Conduct for the creditors’ committee is fine, and in sync with...
![](https://static.wixstatic.com/media/d515a3_f2ebcb0136614c5b8867bd3bca81c2dd~mv2.jpg/v1/fill/w_203,h_203,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_f2ebcb0136614c5b8867bd3bca81c2dd~mv2.webp)
![RBI imposes a penalty of ₹50 lakh on Bombay Mercantile Co-op. Bank for non-compliance of directions](https://static.wixstatic.com/media/d515a3_f2ebcb0136614c5b8867bd3bca81c2dd~mv2.jpg/v1/fill/w_209,h_145,fp_0.50_0.50,q_90,enc_auto/d515a3_f2ebcb0136614c5b8867bd3bca81c2dd~mv2.webp)
- Sep 4, 2021
- 2 min
RBI imposes a penalty of ₹50 lakh on Bombay Mercantile Co-op. Bank for non-compliance of directions
The Reserve Bank of India (RBI) has, by an order dated 2 September 2021, imposed a monetary penalty of ₹50 lakh (Rupees fifty lakh only)...
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![Supreme Court to Canara Bank: Go after big fish if concerned about NPAs](https://static.wixstatic.com/media/d515a3_f9ce9cba30424ba1baf23eda311e6307~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_f9ce9cba30424ba1baf23eda311e6307~mv2.webp)
- Sep 4, 2021
- 2 min
Supreme Court to Canara Bank: Go after big fish if concerned about NPAs
The Supreme Court remarked on Tuesday that instead of pursuing tiny loans of a few thousand rupees, public sector banks should...
![Factious RBI is no reason to flee market: Ashish Parthasarathy](https://static.wixstatic.com/media/d515a3_932ae329986e4bc195ee05fb4e2cff25~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_932ae329986e4bc195ee05fb4e2cff25~mv2.webp)
- Sep 4, 2021
- 2 min
Factious RBI is no reason to flee market: Ashish Parthasarathy
Even if some policymakers are talking about tightening, one of India's top banks believes investors can safely hang on to their sovereign...
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