The Supreme Court claims that the Centre is ‘emasculating' tribunals by failing to designate members
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The Supreme Court warned on Monday that the Centre was "emasculating" tribunals by failing to appoint officials to quasi-judicial bodies...
- Sep 7, 2021
- 3 min
RBI issues new directions on locker handling
In order to ensure prompt payment of locker rent, the Reserve Bank of India (RBI) has directed banks to obtain a term deposit, at the...
- Sep 7, 2021
- 2 min
The IBA has asked the RBI to exempt government accounts from the current account circular
The Indian Banks' Association (IBA) has asked the Reserve Bank of India (RBI) to exempt government accounts held with various banks from...
- 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...
- 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....
- 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,...
- 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...
- 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...
- 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)...
- 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...
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